Shares of Nikola Corp. NKLA, -9.98% slid 9.98% to $5.77 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.08% rising 0.08% to 32,223.42 and the NASDAQ Composite Index COMP, -1.20% falling 1.20% to 11,662.79. The stock’s fall snapped a two-day winning streak. Nikola Corp. closed $13.75 short of its 52-week high ($19.52), which the company achieved on June 3rd.
The stock underperformed when compared to some of its competitors Monday, as Paccar Inc. PCAR, -0.56% fell 0.56% to $83.28 and Oshkosh Corp. OSK, -0.94% fell 0.94% to $87.29. Trading volume (11.6 M) remained 2.2 million below its 50-day average volume of 13.8 M.