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Shares of Nikola Corp. (NKLA) slipped 9.22% to $2.56 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 2.48% to 10,353.17 and Dow Jones Industrial Average falling 1.95% to 32,513.94. This was the stock's third consecutive day of losses. Nikola Corp. closed $12.24 below its 52-week high ($14.80), which the company reached on November 11th.
The stock underperformed when compared to some of its competitors Wednesday, as Paccar Inc. (PCAR) fell 0.79% to $99.76 and Oshkosh Corp. (OSK) fell 2.00% to $86.81. Trading volume (14.4 M) eclipsed its 50-day average volume of 13.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 9, 2022.
(END) Dow Jones Newswires
November 09, 2022 17:12 ET (22:12 GMT)
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