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Shares of Nikola Corp. (NKLA) took a -11% dive 10.91% to $2.94 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 1.73% to 10,342.94 and Dow Jones Industrial Average falling 0.46% to 32,001.25. This was the stock's third consecutive day of losses. Nikola Corp. closed $12.62 below its 52-week high ($15.56), which the company reached on November 4th.
The stock underperformed when compared to some of its competitors Thursday, as Paccar Inc. (PCAR) rose 1.34% to $96.98 and Oshkosh Corp. (OSK) rose 0.83% to $86.57. Trading volume (32.1 M) eclipsed its 50-day average volume of 12.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 3, 2022.
(END) Dow Jones Newswires
November 03, 2022 17:12 ET (21:12 GMT)
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