Nikola Corp. Stock Falls Thursday, Underperforms Market

RPC Inc

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Energy : Energy Equipment & Services | Small Cap Growth

Company profile

RPC, Inc. is a holding company of Cudd Energy Services, Cudd Pressure Control, Thru Tubing Solutions and Patterson Services. The Company provides a range of oilfield services and equipment primarily to independent and oilfield companies, which is engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets. It has two segments. Technical Services segment includes its oil and gas services, which utilizes people and equipment to perform value-added completion, production and maintenance services directly to a customer well. Support Services segment includes all of the services, which provides equipment offered off the well site without it personnel and services, which are provided in support of customer operations off the well site such as classroom and computer training, and other consulting services.

Nikola Corp. Stock Falls Thursday, Underperforms Market

5:12 pm ET November 17, 2022 (MarketWatch) Print

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

Shares of Nikola Corp. (NKLA) shed 4.01% to $2.87 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 0.35% to 11,144.96 and Dow Jones Industrial Average falling 0.02% to 33,546.32. This was the stock's second consecutive day of losses. Nikola Corp. closed $10.45 short of its 52-week high ($13.32), which the company achieved on November 18th.

The stock underperformed when compared to some of its competitors Thursday, as Paccar Inc. (PCAR) rose 0.11% to $103.51 and Oshkosh Corp. (OSK) fell 0.23% to $91.46. Trading volume (9.0 M) remained 4.9 million below its 50-day average volume of 13.8 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 17, 2022.

(END) Dow Jones Newswires

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