Shares of Nikola Corp. NKLA slipped 7.55% to $16.54 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP falling 2.70% to 12,997.75 and Dow Jones Industrial Average DJIA falling 0.39% to 31,270.09. This was the stock's second consecutive day of losses. Nikola Corp. closed $77.45 short of its 52-week high ($93.99), which the company reached on June 9th.
The stock underperformed when compared to some of its competitors Wednesday, as Paccar Inc. PCAR rose 1.13% to $95.24, Oshkosh Corp. OSK rose 1.07% to $108.84, and Navistar International Corp. NAV fell 0.20% to $44.16. Trading volume (13.9 M) remained 1.5 million below its 50-day average volume of 15.4 M.