Nikola Corp. Stock Rises Thursday, Still Underperforms Market

Cummins Inc

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Industrials : Machinery | Mid Cap Blend

Company profile

Cummins Inc. designs, manufactures, distributes and services diesel and natural gas, electric and hybrid powertrains and powertrain-related components. It is also a supplier of engine braking, cylinder deactivation, start and stop and thermal management technologies. Engine segment manufactures and markets a range of diesel and natural gas-powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck. The Distribution segment consists of sales and support of a range of products and services. including power generation systems, high-horsepower engines, and heavy-duty and medium-duty engines. The Components segment supplies products, including aftertreatment systems, turbochargers, filtration products, electronics and fuel systems. The Power Systems segment consists of businesses, including power generation, industrial and generator technologies. The New Power segment focuses on hydrogen production and electric drive systems.

Nikola Corp. Stock Rises Thursday, Still Underperforms Market

5:12 pm ET November 10, 2022 (MarketWatch) Print

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

Shares of Nikola Corp. (NKLA) rose 7.03% to $2.74 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 7.35% to 11,114.15 and the Dow Jones Industrial Average rising 3.70% to 33,715.37. The stock's rise snapped a three-day losing streak. Nikola Corp. closed $12.06 below its 52-week high ($14.80), which the company achieved on November 11th.

The stock outperformed some of its competitors Thursday, as Paccar Inc. (PCAR) rose 2.16% to $101.91 and Oshkosh Corp. (OSK) rose 4.59% to $90.41. Trading volume (18.4 M) eclipsed its 50-day average volume of 13.7 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 10, 2022.

(END) Dow Jones Newswires

November 10, 2022 17:12 ET (22:12 GMT)