Nikola Corp. Stock Rises Friday, Still Underperforms Market

LogicMark Inc

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Health Care : Health Care Equipment & Supplies | Small Cap Value

Company profile

LogicMark, Inc. provides personal emergency response systems (PERS), health communications devices, and Internet of Things (IoT) technology that creates a connected care platform. The Company builds technology to check, manage and monitor a loved ones health and safety remotely. Its PERS is a medical alert or medical alarm system, which is designed to indicate the presence of a threat that requires immediate attention and then immediately contacts a trusted family member and the emergency medical workforce. Its PERS devices incorporate two-way voice communication technology for remote monitoring. PERS transmits signals to an alarm monitoring medical team, which then departs for the location where the alarm was activated. Its PERS products include GUARDIAN ALERT 911 PLUS, FREEDOM ALERT, GUARDIAN ALERT 911, CONNECTED GUARDIAN and LifeSentry. Its PERS technologies are sold through dealers and distributors, as well as through the United States Veterans Health Administration (the VHA).

Nikola Corp. Stock Rises Friday, Still Underperforms Market

5:12 pm ET November 4, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Nikola Corp. (NKLA) inched 0.68% higher to $2.96 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 1.28% to 10,475.25 and the Dow Jones Industrial Average rising 1.26% to 32,403.22. The stock's rise snapped a three-day losing streak. Nikola Corp. closed $11.84 short of its 52-week high ($14.80), which the company reached on November 11th.

The stock underperformed when compared to some of its competitors Friday, as Paccar Inc. (PCAR) rose 2.21% to $99.12 and Oshkosh Corp. (OSK) rose 2.51% to $88.74. Trading volume (15.2 M) eclipsed its 50-day average volume of 13.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 4, 2022.

(END) Dow Jones Newswires

November 04, 2022 17:12 ET (21:12 GMT)

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Nikola Corp. Stock Rises Friday, Still Underperforms Market