Nio's stock falls, on track to snap record 8-day win streak [MarketWatch]
NIO Inc. American depositary shares, each representing one Class A ordinary share (NIO)
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Source: MarketWatch
Nio's stock falls, on track to snap record 8-day win streak Shares of Nio Inc. NIO, +6.86% dropped 1.7% in active premarket trading Tuesday, putting them on track to snap a record-long eight-day winning streak. Volume was 680,000 shares just less than two hours before the open, enough to make the stock the most actively traded in the premarket. The China-based electric car maker's stock had rocketed 44% in eight days through Friday, the longest streak of gains since the stock went public on Sept. 13, 2018, and beating the seven-day win streak through Feb. 1, 2019, when the stock surged 20.6%. On Friday, the stock had climbed 6.9% after the company disclosed that its largest shareholder, Scotland-based investment manager Ballie Gifford & Co., had increased its stake to 13.13% of Nio's shares outstanding, up from 11.04% as of Feb. 5, 2019. Also helping to boost the stock this year were upbeat reports that Nio had secured about $1 billion in funding , upbeat December deliveries data a
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- Nio Inc - (NYSE: NIO) was downgraded by analysts at The Goldman Sachs Group, Inc. from a "neutral" rating to a "sell" rating. They now have a $3.90 price target on the stock, down previously from $4.80.MarketBeat
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Earnings
- 11/20/24 - Beat
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Sec Filings
- 12/2/24 - Form 6-K
- 11/20/24 - Form 6-K
- 11/7/24 - Form 6-K
- NIO's page on the SEC website