Why NIO Stock Is Surging Today
Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) resumed their upward charge on Monday morning. The stock declined more than 25% last week amid notes from Wall Street analysts urging investors to be cautious.
But investors appeared to have thrown those cautions to the wind on Monday morning. As of 11:15 a.m. EDT, NIO's American depositary shares were up about 10.6% from Friday's closing price.
NIO's next new model will be the ET7 sports sedan, due early next year. Image source: NIO.
Source Fool.com
