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Shares of Nikola Corp. (NKLA) slid 2.94% to $3.30 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index falling 3.36% to 10,524.80 and Dow Jones Industrial Average falling 1.55% to 32,147.76. This was the stock's second consecutive day of losses. Nikola Corp. closed $12.26 below its 52-week high ($15.56), which the company reached on November 4th.
The stock underperformed when compared to some of its competitors Wednesday, as Paccar Inc. (PCAR) fell 1.29% to $95.70 and Oshkosh Corp. (OSK) fell 2.51% to $85.86. Trading volume (9.4 M) remained 3.5 million below its 50-day average volume of 12.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 2, 2022.
(END) Dow Jones Newswires
November 02, 2022 17:12 ET (21:12 GMT)
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