Investor Sentiment: What's Driving Nikola Stock's 12% Surge? A Closer Look at the Short Squeeze Alert

Quick Summary:

The Reddit Buzz NKLA- is 100% about to and is SQUEEZE byu/skkoct inShortsqueeze A post by skkoct on r/Shortsqueeze has drawn attention to notable options activity surrounding Nikola stock.

Data, recent Reddit discussions and technical analysis indicators suggest that Nikola Corp (NASDAQ:NKLA) could be experiencing a short squeeze, potentially leading to a significant surge in its stock price.

The post highlighted substantial buying of call options across various strike prices, indicating a bullish sentiment among investors.

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Author / Journalist: Surbhi Jain

Category: Technology

Markets: United States

Topics: Top Stories Technicals Stories That Matter NKLA Electric vehicles Expert Ideas Trading Ideas Short Ideas Benzinga Tech Mobility EVs

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Article Type: News Report

Published On: 2024-03-28 @ 16:26:11 (1 months ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 371 words

Reading Time: 3 minutes read

Sentences: 22 lines

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Copyright Owner: © Benzinga

News ID: 20544873

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