Shares of Nikola Corp. NKLA slid 3.36% to $23.60 Friday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP rising 0.57% to 13,856.30 and the Dow Jones Industrial Average DJIA rising 0.30% to 31,148.24. This was the stock's second consecutive day of losses. Nikola Corp. closed $70.39 short of its 52-week high ($93.99), which the company achieved on June 9th.
The stock underperformed when compared to some of its competitors Friday, as Paccar Inc. PCAR fell 0.54% to $96.58, Oshkosh Corp. OSK fell 2.36% to $96.44, and Navistar International Corp. NAV remained unchanged. Trading volume (8.4 M) remained 13.6 million below its 50-day average volume of 22.1 M.