Shares of Nikola Corp.
shed 1.41% to $11.19 Thursday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index
rising 1.73% to 14,823.43 and the Dow Jones Industrial Average
rising 1.56% to 34,912.56. This was the stock's second consecutive day of losses. Nikola Corp. closed $26.76 short of its 52-week high ($37.95), which the company reached on November 24th.
The stock underperformed when compared to some of its competitors Thursday, as Paccar Inc.
rose 2.84% to $86.53 and Oshkosh Corp.
rose 3.02% to $100.88. Trading volume (8.6 M) remained 2.9 million below its 50-day average volume of 11.5 M.