Shares of Nikola Co. ( NASDAQ:NKLA – Get Rating ) fell 7.9% during trading on Friday . The company traded as low as $1.26 and last traded at $1.29. 138,549,801 shares traded hands during mid-day trading, an increase of 396% from the average session volume of 27,927,293 shares. The stock had previously closed at $1.40. Analyst Upgrades and Downgrades A number of research firms have recently commented on NKLA. Morgan Stanley began coverage on shares of Nikola in a report on Monday, March 13th.

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