Nikola's Milton Was ‘Hyper-Focused' on Company's Stock Price, CFO Tells Jury [Business News Network (BNN) (Canada)]
Nikola Corporation (NKLA)
Company Research
Source: Business News Network
trading in June 2020, he thought something was wrong with the Nasdaq, jurors at his criminal fraud trial were told. At the time, the electric-truck maker Milton founded was completing a reverse merger and would end the day with a market value of $12 billion. Chief Financial Officer Kim Brady testified in New York Friday that he explained to Milton the decline was “simply supply and demand,” but Milton insisted Brady contact the exchange. “Did you do that?” Assistant US Attorney Matthew Podolsky asked. “No, I did not,” Brady said. Prosecutors claim Milton made false statements to investors about the company's progress toward manufacturing hydrogen fuel cells and marketing vehicles in order to artificially inflate Nikola's value and his own wealth. They say Milton fooled investors by making inoperable products look fully functional and lied about the company's technology and partnerships. The defense argues that Milton was just following the company's marketing plan and never
Show less
Read more
Impact Snapshot
Event Time:
NKLA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NKLA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NKLA alerts
High impacting Nikola Corporation news events
Weekly update
A roundup of the hottest topics
NKLA
News
- Here is What to Know Beyond Why Nikola Corporation (NKLA) is a Trending Stock [Yahoo! Finance]Yahoo! Finance
- M&M Residual and Trevor R. Milton Announce Concerns Related to Potential Fraud and Misconduct at Nikola Overseen by Steve Girsky, Britton Worthen and the Board of Directors [Yahoo! Finance]Yahoo! Finance
- M&M Residual and Trevor R. Milton Announce Concerns Related to Potential Fraud and Misconduct at Nikola Overseen by Steve Girsky, Britton Worthen and the Board of DirectorsBusiness Wire
- Nikola (NKLA) Stock Dips While Market Gains: Key Facts [Yahoo! Finance]Yahoo! Finance
- Nikola Co. (NASDAQ: NKLA) is now covered by analysts at Wolfe Research. They set a "peer perform" rating on the stock.MarketBeat
NKLA
Earnings
- 2/22/24 - Beat
NKLA
Sec Filings
- 4/24/24 - Form ARS
- 4/24/24 - Form DEF
- 4/24/24 - Form DEFA14A
- NKLA's page on the SEC website