Nkla Stock Lockup

Nkla has lost more than 22 8 in the past three months to close yesterday s trading session at 30 24.

Nkla stock lockup. In addition this might be just the first round of stock to be offered. Remember the stock market is closed on thursday for thanksgiving. As a result i continue to advise longer term investors to buy the shares on the downturn that is likely. Lock up agreements limited some shareholders to certain amounts after 30 days following the closing date of the merger with.

The pipe shareholders could sell over 13 7 of nikola stock on dec. Shares of embattled electric vehicle start up nikola corp. Nikola ceo mark russell failed to reassure investors of a deal being finalized. The company became public in june 2020 and the lock up period for the company s insiders which is followed up after the initial listing of a stock restricting insiders to dump shares in the open market is expiring on november 30th.

Nikola stock could fall after the pipe shares lock up period. Although proponents of market timing pay close attention to ipo lock up period expirations as an opportunity for both long and short sellers there is a vocal group that argues against the need for lock up periods at all. Of chairman trevor milton triggered the sell off but nikola investors may soon face another major hurdle in the stock s lock up expiration. The news comes just a day before the lockup on more than 160 million shares held by nikola insiders expires.

Fell by as much as 17 4 during trading wednesday morning. A hedge fund may institute a similar lock up period and lock up period expiration to allow a fund manager to generate a large return without concern of capital leaving the fund. Still the lockup expiration is likely to put meaningful downward pressure on nkla stock. Nkla de nio crsr.

It was a quiet session on wednesday the last full day of trading this week.