Nikola Corp. Stock Remains Steady Tuesday, Underperforms Market

Tricida Inc

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Health Care : Pharmaceuticals | Small Cap Value

Company profile

Tricida, Inc. is a pharmaceutical company, which is focused on the development and commercialization of its investigational drug candidate, veverimer (TRC101). TRC101, is a non-absorbed, orally administered polymer designed to treat metabolic acidosis by binding and removing acid from the gastrointestinal (GI), tract. Its Veverimer, is a low-swelling, spherical polymer bead that is approximately 100 micrometers in diameter, which is a single, molecular weight, crosslinked polyamine molecule. It is conducting renal outcomes clinical trial, VALOR-CKD (TRCA-303), to determine if veverimer slows CKD progression in patients with metabolic acidosis associated with CKD. The Company's VALOR-CKD trial is a randomized, double-blind, placebo-controlled, time-to-event trial.

Nikola Corp. Stock Remains Steady Tuesday, Underperforms Market

5:12 pm ET November 15, 2022 (MarketWatch) Print

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

Shares of Nikola Corp. (NKLA) were unchanged Tuesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 1.45% to 11,358.41 and the Dow Jones Industrial Average rising 0.17% to 33,592.92. Nikola Corp. closed $10.86 short of its 52-week high ($13.94), which the company reached on November 17th.

The stock underperformed when compared to some of its competitors Tuesday, as Paccar Inc. (PCAR) rose 0.43% to $102.78 and Oshkosh Corp. (OSK) rose 1.05% to $93.66. Trading volume (14.8 M) eclipsed its 50-day average volume of 14.0 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 15, 2022.

(END) Dow Jones Newswires

November 15, 2022 17:12 ET (22:12 GMT)