Published: August 12, 2020, 4:25 PM ET
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Terrence Horan
Shares of Tesla Inc.
TSLA
jumped 13.12% to $ 1,554.76 on Wednesday, proving to be a very positive trading position for the stock market, with the NASDAQ Composite Index
COMP
rising 2.13% to 11,012.24 and the Dow Jones industrial average
DJIA
increasing 1.05% to 27,976.84. The rise of the stock snapped a three-day losing streak. Tesla Inc. closed $ 240.23 during its 52-week high ($ 1,794.99), which the company reached on July 13th.
The stock outperformed some of its competitors on Wednesday, such as Ford Motor Co.
F
fell 1.66% to $ 7.11, General Motors Co.
GM
fell 1.72% to $ 28.03, and NIO Inc. ADR
NIO
rose 2.85% to $ 13.36. Trading volume (21.6 M) decreased its 50 day average volume by 13.2 M.
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Editor’s Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our Terms of Use for Market Data.
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