Shares of Nikola Corp. NKLA, -8.64% slid 8.64% to $6.87 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.00% rising 0.00% to 32,945.24 and the NASDAQ Composite Index COMP, -2.04% falling 2.04% to 12,581.22. This was the stock’s second consecutive day of losses. Nikola Corp. closed $12.65 short of its 52-week high ($19.52), which the company reached on June 3rd.
The stock underperformed when compared to some of its competitors Monday, as Paccar Inc. PCAR, +1.87% rose 1.87% to $87.16 and Oshkosh Corp. OSK, -0.58% fell 0.58% to $106.23. Trading volume (13.0 M) remained 3.6 million below its 50-day average volume of 16.6 M.