Why Nio Stock Rallied Monday
(NYSE: NIO) stock jumped today, after one Wall Street analyst boosted his price target on the China-based electric vehicle (EV) maker. It also comes about one week after Nio announced it was raising $1 billion in fresh capital.
Nio shares soared as much as nearly 10% in morning trading, and still held on to a gain of 4.3% as of 2:28 p.m. ET.
Image source: Nio.
Source Fool.com
