From just $10 a share to nearly $80, Nikola Corporation (NKLA) stock has come a long way. Problem is — after approaching that $80 stock price in June, Nikola has come just about full circle. At a $25 share price, Nikola stock is almost back where it started from, prior to conducting its IPO-by-reverse merger into publicly-traded special purpose acquisition vehicle VectoIQ. Nevertheless, not all investors are dismayed by Nikola’s downfall. Indeed, at least one analyst — J.P. Morgan’s Paul Coster — seems to think that Nikola’s dramatically lower stock price today gives investors a second bite at this apple.And …read more
Source:: Yahoo Finance
