Nikola Corp. Stock Underperforms Wednesday When Compared To Competitors

Sunrise New Energy Co Ltd

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Industrials : Professional Services | Small Cap Blend
Based in China

Company profile

Sunrise New Energy Co Ltd, formerly Global Internet of People Inc, is a holding company engaged in providing enterprise services to small and medium-sized enterprises. The Company mainly offers four kinds of services, member services, enterprise services, online services and other services. The enterprise services include three types. The comprehensive tailored services include tailored packaged services, such as conference and salon organization, booth exhibition services, on-site Mentors' guidance, and other value-added services. The sponsorship advertising services include sponsorship advertising on certain activities. The consulting services include corporate reorganization, product promotion and marketing, industry supply chain integration, corporate governance, financing and capital structure. The online services include questions and answers (Q&A) session with chosen Mentors and online streaming of courses and programs via its mobile application (APP) Shidonghui App.

Nikola Corp. Stock Underperforms Wednesday When Compared To Competitors

5:12 pm ET November 16, 2022 (MarketWatch) Print

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

Shares of Nikola Corp. (NKLA) shed 2.92% to $2.99 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index falling 1.54% to 11,183.66 and Dow Jones Industrial Average falling 0.12% to 33,553.83. Nikola Corp. closed $10.95 below its 52-week high ($13.94), which the company achieved on November 17th.

The stock underperformed when compared to some of its competitors Wednesday, as Paccar Inc. (PCAR) rose 0.60% to $103.40 and Oshkosh Corp. (OSK) fell 2.12% to $91.67. Trading volume (8.4 M) remained 5.6 million below its 50-day average volume of 14.0 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 16, 2022.

(END) Dow Jones Newswires

November 16, 2022 17:12 ET (22:12 GMT)