Why Nio Stock Surged Again Monday and Could Keep Rising
(NYSE: NIO) shares are down almost 30% so far this year. But anyone who bought stock in the Chinese electric vehicle (EV) maker more recently has done quite well. Nio shares have soared by more than 65% over the past month.
The stock continued to surge again today as the trading week started. Nio's U.S.-listed American depositary shares had gained 12.7% as of 10:15 a.m. ET. Some of the recent spike came from China's latest plan to stimulate its struggling economy. But news that Nio has secured a new capital injection from strategic investors in China has the shares moving today.
Source Fool.com
NIO Inc. Stock
€3.05
0.690%
Based on 2 Buy predictions and 1 Sell predictions the sentiment towards NIO Inc. is rather balanced.
With a target price of 4 € there is a positive potential of 31.06% for NIO Inc. compared to the current price of 3.05 €.
