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Stocks on the move: Nikola falls on fraud accusations, BDX faces false positive Covid tests in nursing homes

Yahoo Finance's Adam Shapiro breaks down the stocks to watch Tuesday.

Video Transcript

ADAM SHAPIRO: Let's talk about Nikola, because those shares fell 10% at the opening bell. And right now, they're trading down about 7%. There's a new salvo in the-- you might call it the war between Hindenburg Research and Nikola. Hindenburg Research last week saying that Nikola is essentially committing fraud regarding its yet-to-be-actually-produced electric hydrogen fuel cell truck.

SEC, we know, is investigating. Nikola says they contacted the SEC. Back and forth, this thing goes. The stock price falls.

But this morning, the latest from Hindenburg Research is that Nikola, they said, failed to address 43 of their 53 questions. Of those that they did answer, they, quote, "largely confirmed our"-- Hindenburg's-- "findings, or raised even new questions." That stock is falling right now.

Then there's Becton, Dickinson, and Company. BDX. Shares fell about 1% at the opening bell. Right now, BDX is off almost 2%. You may not know them by name, but they make medical equipment. They provide testing equipment for rapid COVID-19 testing.

And there was this word from the American Health Association-- they represent nursing homes-- that several of their nursing home clients, 12 reports so far, reporting false positive tests for COVID-19. BDX issued a statement. They said a small number of nursing homes in the US reporting multiple false positives. They go on to say that the reports do not reflect findings in the company's studies. We're going to have more "On the Move" for you right after this.