Why Nio Stock Skyrocketed Today
(NYSE: NIO) stock rocketed higher in Tuesday's trading following the announcement of a new vehicle. The company's share price closed out the daily session up 11%, despite a 0.4% decline for the Nasdaq Composite index in the session.
Nio's valuation surged today after the company announced its new three-row SUV model. With today's pop, the stock is now up roughly 15% across this year's trading.
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Source Fool.com
NIO Inc. Stock
€4.04
-1.020%
With 2 Sell predictions and 0 Buy predictions the community sentiment towards the NIO Inc. stock is not clear.
This results in a negative potential of -25.74% based on a current price of 4.04 € and a target price of 3 € for the stock.
