Shares of Nikola Corp. NKLA slid 0.42% to $23.50 Monday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP rising 0.95% to 13,987.64 and the Dow Jones Industrial Average DJIA rising 0.76% to 31,385.76. This was the stock's third consecutive day of losses. Nikola Corp. closed $70.49 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 Monday, as Paccar Inc. PCAR rose 0.53% to $96.77, Oshkosh Corp. OSK rose 1.30% to $97.69, and Navistar International Corp. NAV rose 0.02% to $44.12. Trading volume (7.8 M) remained 13.2 million below its 50-day average volume of 21.0 M.