Nikola Corporation's stock is seeing an uptick today, potentially driven by notable changes in options trading activity. A significant number of new call options have been opened, with 61,000 Nikola 1/24 weekly 1.5 calls being among the top five new positions. This surge in options activity may indicate increased investor interest or speculation about future positive developments for the company.
Additionally, recent insider trading data shows a relatively low level of insider ownership at 0.74%, with minimal insider buying and selling activity over the past year. This lack of significant insider transactions might suggest a stable outlook from those within the company, which could be contributing to the current positive sentiment among investors.
Nikola's stock is currently priced at $1.16, reflecting a 1.75% increase from the previous close of $1.14. The stock opened at $1.18 and has reached a high of $1.22 and a low of $1.15 so far today. Despite being early in the trading day, the volume is 2,401,852 shares, accounting for 24.44% of the average daily volume of 9,825,708.