Why Did Nio Stock Jump 10% Today?
Shares of Chinese electric vehicle (EV) maker (NYSE: NIO) shot 10.5% higher at the market open and were still up by 10.1% as of 10:45 a.m. ET. Investors liked what the company had to say in its fourth-quarter report.
Last month, the company surprised investors by saying it expected its first-ever adjusted profit from operations in the fourth quarter. The $100 million to $172 million range was particularly strong, and Nio ended up beating the high end of it.
Source Fool.com
