Stocks generally don't perform well when a company announces it is raising capital through an equity offering. But the stock of Chinese electric vehicle (EV) maker (NYSE: NIO) has surged this week on the heels of one such announcement.
Nio's American depositary shares (ADSes) have surged nearly 20% this week, as of Friday morning, according to data provided by S&P Global Market Intelligence.
The move came after a string of what investors are considering good news from Nio.
Source Fool.com