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Shares of Nikola Corp. (NKLA) shed 9.09% to $2.30 Tuesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 1.36% to 11,174.41 and the Dow Jones Industrial Average rising 1.18% to 34,098.10. This was the stock's fifth consecutive day of losses. Nikola Corp. closed $9.84 below its 52-week high ($12.14), which the company achieved on December 27th.
The stock underperformed when compared to some of its competitors Tuesday, as Paccar Inc. (PCAR) rose 1.59% to $106.02 and Oshkosh Corp. (OSK) rose 1.38% to $93.74. Trading volume (18.0 M) eclipsed its 50-day average volume of 13.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 22, 2022.
(END) Dow Jones Newswires
November 22, 2022 17:11 ET (22:11 GMT)
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