Why Nio Stock Was Moving 5% Today
While Nio (NYSE: NIO) shares dropped nearly 20% over the past month, they have been staging a recovery this week. The stock rose again in early trading today, and remained up 5.75% as of 1:12 p.m. ET.
The recent surge in the share price comes as the company's annual Nio Day event approaches, and it has also announced recent progress on its global expansion plans. In fact, the theme for Nio Day is "Hello World," implying the company will update investors further on its growth aspirations outside of China.
Source Fool.com
