Why Nio Stock Closed Higher Today
Friday's market session was a bumpy one for Chinese electric-vehicle (EV) maker Nio (NYSE: NIO). At various points, Nio shares were down over 2% and up 1.5% today before closing the final session of the week up 0.65%.
There wasn't any company-specific news from Nio today. It does have a high-profile event coming next week with its Nio Day, and that may have helped to keep trading active and ending on a high note. But it also might be something else in the EV sector that caught investors' attention.
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Source Fool.com
