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It may be true that the overall market for automobiles is increasing by the day. However, it does not mean that every company being launched or already selling their vehicles in the market is observing positive growth. There are several companies that are recording a negative stock price trend.
There can be a single or several reasons that may lead to the company’s demise in the stock prices. Despite the issues leading to the company’s share price drops, it is important to get a general idea of the company’s performance.
The first company on the list of worst performers in the automaking sector is Nikola (NKLA). At the time of writing, the company’s share prices have experienced a 14.90% dip and its share is trading at a price of $13.14 per share. The company is headquartered in the United States and at the time of writing, it has a market valuation that is worth $5.27 billion.
The second company on the list of worst performers in the automaking sector is Maza (7261.T). At the time of writing, the company’s share prices have experienced a 4.30% dip and its share is trading at a price of $9.01 per share. The company is headquartered in Japan and at the time of writing, it has a market valuation that is worth $5.67 billion.
The third company on the list of worst performers in the automaking sector is Aston Martin (A5SA.F). At the time of writing, the company’s share prices have experienced a 3.98% dip and its share is trading at a price of $23.28 per share. The company is headquartered in the United Kingdom and at the time of writing, it has a market valuation that is worth $2.71 billion.
The fourth company in the list of worst performers in the automaking sector is BYD (002594.SZ). At the time of writing, the company’s share prices have experienced a 3.38% dip and its share is trading at a price of $49.05 per share. The company is headquartered in China and at the time of writing, it has a market valuation that is worth $140.32 billion.
The fifth company in the list of worst performers in the automaking sector is Honda (HMC). At the time of writing, the company’s share prices have experienced a 3.38% dip and its share is trading at a price of $29.70 per share. The company is headquartered in Japan and at the time of writing, it has a market valuation that is worth $51.22 billion.
The sixth company in the list of worst performers in the automaking sector is Arrival (ARVL). At the time of writing, the company’s share prices have experienced a 3.24% dip and its share is trading at a price of $16.70 per share. The company is headquartered in the United Kingdom and at the time of writing, it has a market valuation that is worth $10.36 billion.
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