Shares of Nikola Corp. NKLA rallied 7.47% to $21.16 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP rising 0.99% to 13,597.97 and the Dow Jones Industrial Average DJIA rising 1.35% to 31,961.86. The stock's rise snapped a two-day losing streak. Nikola Corp. closed $72.83 below its 52-week high ($93.99), which the company achieved on June 9th.
The stock outperformed some of its competitors Wednesday, as Paccar Inc. PCAR rose 1.02% to $94.28, Oshkosh Corp. OSK rose 3.04% to $112.95, and Navistar International Corp. NAV rose 0.09% to $44.16. Trading volume (6.2 M) remained 9.7 million below its 50-day average volume of 15.9 M.