Shares of Nikola Corp. NKLA, -9.39% slid 9.39% to $3.57 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index COMP, -2.84% falling 2.84% to 10,737.51 and Dow Jones Industrial Average DJIA, -1.54% falling 1.54% to 29,225.61. The stock’s fall snapped a two-day winning streak. Nikola Corp. closed $11.99 below its 52-week high ($15.56), which the company achieved on November 4th.
The stock underperformed when compared to some of its competitors Thursday, as Paccar Inc. PCAR, -0.54% fell 0.54% to $84.87 and Oshkosh Corp. OSK, -1.48% fell 1.48% to $71.10. Trading volume (12.3 M) remained 392,912 below its 50-day average volume of 12.7 M.