NKLA Stock – Nikola Corp. stock underperforms Wednesday when compared to competitors

Shares of Nikola Corp.
NKLA,
-7.03%
shed 7.03% to $12.29 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average
DJIA,
+0.05%
rising 0.05% to 33,446.26 and the NASDAQ Composite Index
COMP,
-0.07%
falling 0.07% to 13,688.84. Nikola Corp. closed $81.70 short of its 52-week high ($93.99), which the company achieved on June 9th.

The stock underperformed when compared to some of its competitors Wednesday, as Paccar Inc.
PCAR,
-0.41%
fell 0.41% to $92.47, Oshkosh Corp.
OSK,
+0.99%
rose 0.99% to $119.80, and Navistar International Corp.
NAV,
-0.02%
fell 0.02% to $44.10. Trading volume (19.6 M) eclipsed its 50-day average volume of 12.4 M.