Why NIO Stock Is Up Today
Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were modestly higher on Tuesday. A Wall Street analyst shared bullish comments on the company after it said that it had closed a $1.5 billion convertible-bond offering.
As of 2 p.m. EST, NIO's American depositary shares were up about 3% from Friday's closing price.
There were two pieces of interesting news for NIO investors on Tuesday morning.
Source Fool.com
