Nikola issued delisting warning from Nasdaq

Yahoo Finance Live discusses the drop in shares of Nikola after the company received a delisting warning from Nasdaq.

Video transcript

JULIE HYMAN: Let's take a look at another trending ticker now that we are watching. Shares of Nikola slipping today. The NASDAQ issued a warning to the EV truck maker that it is not meeting minimum requirements to stay listed on the exchange.

Shares of companies listed on the NASDAQ, they got to stay above $1 a share for 30 consecutive trading days or delisting becomes a possibility. Nikola has not traded above $1 since April 11. But it says, it does not currently impact its listing status. Nikola has until November 20 to regain compliance.