Nikola Corporation ($NKLA), an American manufacturer of heavy-duty commercial battery-electric vehicles, fuel-cell electric vehicles, and energy solutions. The stock popped up on the stock scanner as the highest volume gainer for the week so far, with a change of 173.031M.
A couple of things stand out on the daily chart. Firstly, it is trading above it’s 200 simple moving average, which is flattening after an extended drop. $NKLA also released it’s earnings and revenue report on Friday with a positive surprises of 9.07% and 2.45%, respectively.
With an all time high $93.99 and an all time low of $0.5, in spite of the spike in volume, it is important to keep in mind the fact that the stock is in an overall downtrend.
Other top volume gainers with healthier trends include $NVDA, $AMZN, $AAPL, $AMD and $PLTR.