Nikola stock sinks while announcing huge reverse stock split

), which specializes in manufacturing large commercial-grade electric vehicles, are sinking in Thursday's session. The EV maker's stock has dropped by nearly 30% intraday, while share prices have already fallen by 75% over the last year.Nicola shares are tanking today after announcing a one for 30 reverse stock split that is set to go into effect after markets close on June 24th.I mean, I manufacture those commercial EVs.I mean, this is one that has not really gotten off the ground.

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S&P/TSX composite down 1.2 per cent Thursday, U.S. stock markets mixedTORONTO — Canada's main stock index lost 1.2 per cent on Thursday, weighed down by losses in the energy, financial and base metal sectors, while U.S. markets...
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