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Why NIO Stock Is Flying Today

TheMotleyFool

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Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were sharply higher on Monday morning, as U.S. investors returning from a holiday weekend reacted to a strong June sales report released late last week.

As of 10:15 a.m. EDT, NIO's American depositary shares were up about 23.5% from Thursday's closing price.

NIO released its June sales report last Thursday, right before the U.S. holiday weekend, and it was a good one: Sales in June were up 179% from a year ago; for the second quarter, sales were up 191% from the same period in 2019.

Source Fool.com

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