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United Parcel Service Inc. is exploring a same-day option, a delivery model that has been employed by gig-economy players, as the pandemic has accelerated the shift to e-commerce.
Author Bio
What happened
Shares of
Nikola (NASDAQ:NKLA) dipped 23.3% in March, according to data from S&P Global Market Intelligence. The electric vehicle (EV) stock slumped amid mixed coverage from analysts and sell-offs for the broader EV space.
Many growth-dependent technology companies suffered steep valuation pullbacks last month, and Nikola s sell-off pushed its stock into negative territory on the year. Its share price may also have been negatively impacted by the company announcing that it had filed for a $100 million new stock offering on March 15.
Nikola s Tre semi-truck. Image source: Nikola.
So what
J.P. Morgan analyst Paul Coster published a note on Nikola stock on March 5, downgrading the firm s rating on the stock from overweight to neutral, and lowering his one-year price target on the stock from $33 per share to $30 per share. However, other analysts were more bullish on the stock last month.
one ends. from abc news world headquarters this is abc world news with david muir. good evening. thanks for joining us on a sunday night and we do begin with that breaking news, the whistle blower revealed the 29-year-old who leaked the top secret details of the government s sweeping surveillance program has now come forward. his name is edward snowden, a contract worker who found the extent of the surveillance program quote, horrifying. he accepts the risk and says he may never see his home again. we have team coverage this evening wait for example word from the white house, but we ll begin with abc s chief investigative correspondent brian ross in our washington bureau. good evening. good evening. the person responsible for one of the greatest security leaks in recent american history faces almost certain criminal prosecution, but he insisted that his identity be made public after fleeing to hong kong three month ago. my name is ed snowden. i am 29 years old. he i