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Why Nio Shares Are Jumping This Week

TheMotleyFool

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(NYSE: NIO) shares had another positive week continuing the momentum seen this month. For the final week of June, Nio's American depositary shares were higher by about 11% as of Friday morning, according to data provided by S&P Global Market Intelligence.

That brings June's gains to nearly 25%.

Investors may be anticipating good news when the Chinese electric vehicle (EV) maker reports its monthly deliveries over this upcoming weekend. Nio's vehicle deliveries have shown a decline over the past four straight months, so investors seem to be expecting an end to that trend.

Source Fool.com