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7/8, 4:24 PM (Source: TeleTrader)
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Nikola stocks rise over 26% on rising rating

Shares of the American hybrid truck design and manufacturing company Nikola Corporation rose over 26% on Wednesday after JPMorgan & Chase went bullish on the company raising its rating to overweight, less than a month after putting Nikola at neutral on June 22. The stock price is kept at $45, which is 11.4% below today’s price.

Meanwhile, last month the company announced it will launch pre-orders for its Badger light truck.

The company's stocks jumped 26.27% to sell for $50.8 per share at 10:20 am ET.

Breaking the News / TF