Is Nio Stock a Buy After Today's Surprise Rally?
The way shares of Nio (NYSE: NIO) were falling over the past week or so, today's rally may have come as a surprise to many. In the five trading days through yesterday alone, the electric vehicle (EV) stock had shed nearly 13% in value. This morning too, Nio opened in the red before bouncing back sharply.
Has Nio stock possibly bottomed out, and is today's rally a signal for you to buy the stock while you still can?
That depends a great deal on whether the factors that sent Nio shares tumbling in the first place still hold true.
Source Fool.com
