Even as Nio Keeps Falling, These Stocks Are Bouncing Back Monday
The stock market didn't do very well last week, and the downward momentum appeared likely to continue Monday morning on Wall Street. stock index futures were down slightly, as investors remain concerned about future actions from the Federal Reserve and other central banks around the world.
Some high-growth companies have taken particularly large hits as interest rates have risen, and Nio (NYSE: NIO) saw its shares fall again as it moved forward with plans to get some financing. Yet a variety of media and entertainment stocks moved higher on news that a tentative deal with striking workers could put a painful episode behind them. Here's all the latest on what's driving the market Monday morning.
Shares of Nio dropped about 6% in premarket trading on Monday, building on losses from last week. The Chinese electric vehicle (EV) company did what it needed to do to raise capital, but the terms on which it did so show how difficult the current environment is for businesses that want more cash on their balance sheets.
Source Fool.com
NIO Inc. Stock
With 0 Sell predictions and 2 Buy predictions the community sentiment towards the NIO Inc. stock is not clear.
As a result the target price of 5 € shows a positive potential of 26.77% compared to the current price of 3.94 € for NIO Inc..
