ValueAct reveals he no longer owns a stake in Nikola (NASDAQ: NKLA) after having previously held a 5.6% position.
Nikola is down 8.21% in AH trading on a volume of over 2.6 million shares.
On earnings day, NKLA investors may have sought news on manufacturing partners and the production schedule to mitigate the loss of EBITDA.
SEC 13D Form
Updated: Nikola chairman Trevor Milton said ValueAct did not sell shares, but transferred them to another fund.
This has been corrected on 04/08/2020 at 18:43 PM. shares transferred