Why Did Nio Stock Jump 10% Today?
Shares of Chinese electric vehicle (EV) maker (NYSE: NIO) shot 10.5% higher at the market open and were still up by 10.1% as of 10:45 a.m. ET. Investors liked what the company had to say in its fourth-quarter report.
Last month, the company surprised investors by saying it expected its first-ever adjusted profit from operations in the fourth quarter. The $100 million to $172 million range was particularly strong, and Nio ended up beating the high end of it.
Source Fool.com
NIO Inc. Stock
€5.19
7.780%
The community is currently still undecided about NIO Inc. with 0 Buy predictions and 1 Sell predictions.
A potential of -42.24%, resulting from comparing the current price of 5.19 € with the target price of 3 € for NIO Inc., shows the chance of incurring significant losses.
