NKLA - Why Nikola Sped Ahead While Crocs Got Socked Thursday
The stock market got another positive bump on Thursday, with investors getting into the holiday mood a little bit early. The Dow Jones Industrial Average (DJINDICES: ^DJI) closed higher by 197 points to 35,950. The S&P 500 (SNPINDEX: ^GSPC) closed just shy of a record high, climbing 29 points to 4,726, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) picked up 131 points to 15,653.
The end of the year often brings some volatile moves for individual stocks, and it's consistently the ones that have gotten a lot of attention or made big moves during the year that end up seeing the largest swings. Electric-vehicle company Nikola (NASDAQ: NKLA) hit the gas in a big way on Thursday, but popular footwear-manufacturer Crocs (NASDAQ: CROX) took a pretty big hit. Below, you'll find more on what's happening with both companies.
Shares of Nikola were up almost 18% Thursday. The electric-truck company made an announcement that gave investors optimism about the prospects for a rapid future ramp-up.
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Why Nikola Sped Ahead While Crocs Got Socked Thursday