https://wccftech.com/nikola-nkla-share-price-swoon-earlier-this-week-was-caused-by-worthington-liquidating-25-of-its-stake/

Nikola (NASDAQ:NKLA) investors watched in horror as the stock plummeted by 17 percent on the 6th of July followed by another 14 percent plunge on the 7th of July. While the share price rebounded by 34 percent on Wednesday, investor consternation remained. Well, now we know the cause of the historic price crash.

According to a filing with the U.S. Securities and Exchange Commission (SEC), Worthington Industries (NYSE:WOR) unloaded 25 percent of its stake in Nikola Corporation on the 6th and 7th of July. As per the details, Worthington liquidated 5 million Nikola shares, raising a cumulative sum of $237,875,856 in the open market through this selling activity on Monday and Tuesday.