Nikola Corporation (NKLA) experienced a slight decline today, closing at $1.12, down 1.75% from the previous close of $1.14. The stock opened at $1.18 and fluctuated between a high of $1.22 and a low of $1.09 throughout the trading session. Despite the downward movement, the trading volume was relatively low at 7,107,824 shares, which is 72.34% of the average daily volume.
The decline comes amid notable changes in options trading activity, with a significant number of new call options being opened. Specifically, 61,000 new weekly 1.5 call positions for January 24th were among the top five new positions, indicating heightened investor interest and potential speculation on future price movements. However, this surge in options activity did not translate into upward momentum for the stock price today.
Additionally, recent insider trading data shows a 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, but it did not prevent the stock from declining today.