Shares of Nikola Corp. NKLA, -5.03% slipped 5.03% to $10.00 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index COMP, -2.26% falling 2.26% to 14,204.17 and Dow Jones Industrial Average DJIA, -0.80% falling 0.80% to 34,641.18. Nikola Corp. closed $9.52 below its 52-week high ($19.52), which the company achieved on June 3rd.
The stock underperformed when compared to some of its competitors Tuesday, as Paccar Inc. PCAR, -1.98% fell 1.98% to $82.84 and Oshkosh Corp. OSK, -2.64% fell 2.64% to $98.79. Trading volume (7.5 M) remained 7.6 million below its 50-day average volume of 15.0 M.