Nxu, Inc. NXU shares are soaring on Friday after successfully charging a Tesla, Inc. TSLA Cybertruck on its innovative NxuOne Charging System.
The Breakdown:
Nxu has accomplished what could potentially be the very first successful Cybertruck NACS (North American Charging Standard) charging session at a non-Tesla DC fast charging station.
“We are delighted to unveil this significant achievement in the realm of electric vehicles. Demonstrating how effortlessly Nxu’s charging technology powered up the Cybertruck showcases our dedication to advancing EV technology and offering EV owners efficient, dependable, and state-of-the-art charging solutions,” expressed Nxu CEO Mark Hanchett.
Nxu stocks are witnessing a strong surge in trading volume subsequent to this announcement. As per data from Benzinga Pro, over 40 million shares have already exchanged hands during the session, a substantial increase compared to the stock’s 100-day average of 1.58 million shares.
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Where to Find NXU Stock:
Curious about delving into the world of Nxu in the stock market? Whether you’re interested in purchasing shares or even considering betting against the company, the process typically involves a brokerage account. Numerous trading platforms enable the buying of ‘fractional shares,’ which allows ownership of parts of stock without acquiring a whole share.
In the case of Nxu, currently trading at $1.14, an investment of $100 would secure you 87.72 shares of stock.
For those aiming to take a short position on a company, the process is more intricate. Access to options trading platforms or brokers facilitating ‘going short’ a share of stock by providing you shares for selling is essential. Information on shorting a stock can be found at relevant resources. Alternatively, with options trading capabilities, investors can either purchase a put option or sell a call option at a strike price above the current trading rate – both avenues offer the chance to profit from a share price decline.
NXU Stock Movement: According to Benzinga Pro, Nxu stocks have surged by 35% to $1.08 at the time of this publication.
Image: GGBot from Pixabay
