Nio's stock swings sharply higher, heads for a record 9th straight gain [MarketWatch]
NIO Inc. American depositary shares, each representing one Class A ordinary share (NIO)
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Source: MarketWatch
Nio's stock swings sharply higher, heads for a record 9th straight gain Shares of Nio Inc. NIO, +10.39% shot up 12.5% toward an 8-month high in afternoon trading Tuesday, once again reversing course sharply after posting losses earlier in the session. That puts the China-based electric car maker's stock on track to extend its record win streak to nine sessions. The stock opened down 1.5% at $4.67, then fell as much as 3.2% to an intraday low of $4.52, before swinging higher. Nio's stock was the most actively traded on major U.S. exchanges, with trading volume of 131.7 million shares, compared with the full-day average of about 77.8 million shares. The stock has now run up 62.3% during its win streak, which is the longest since the company went public in September 2018. During the streak, the stock has traded in negative territory in six of the sessions before eventually turning higher. Helping propel Nio's stock during the streak included upbeat deliveries data , the fact that U.S.
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News
- Here's Why NIO Inc. (NIO) Gained But Lagged the Market Today [Yahoo! Finance]Yahoo! Finance
- VW, BMW Out to Prove They're Not a Spent Force at China Car Show [BNN Bloomberg (Canada)]BNN Bloomberg
- NIO: In Search Of A Bottom [Seeking Alpha]Seeking Alpha
- Xiaomi's Success Means More Trouble for Battered China EV Stocks [BNN Bloomberg (Canada)]BNN Bloomberg
- Nio Inc - (NYSE: NIO) had its "neutral" rating re-affirmed by analysts at Macquarie. They now have a $5.00 price target on the stock.MarketBeat
NIO
Earnings
- 3/5/24 - Beat
NIO
Sec Filings
- 4/9/24 - Form 6-K
- 4/9/24 - Form 20-F
- 4/4/24 - Form SC
- NIO's page on the SEC website