Nio Stock's Stalling, but This Space Stock Is Really Throttling Down
It's always hard to wait, and investors are on edge as the Federal Reserve's Open Market Committee begins a two-day meeting on Tuesday to discuss the future path of interest rates. Many market participants believe that the Fed will hold off on making any changes at this meeting, but the opinions that committee members express could shed light on future plans for the central bank. Stock market index futures were slightly higher in premarket trading, but on the whole, traders appear to be waiting for further clarity from the Fed before taking aggressive positions.
Unfortunately, some stocks had to deal with big declines. Nio (NYSE: NIO) shares lost ground on a capital-raising move, but the big decliner on the day was Rocket Lab USA (NASDAQ: RKLB), which had a tough situation arise on its most recent launch earlier today. Below, you'll learn everything you need to know about what's happening with both companies.
Shares of Nio were down 6% in premarket trading, falling back below the $10-per-share level. The Chinese electric vehicle (EV) manufacturer has made some progress in recent months with its business, but investors weren't pleased with its latest move to raise cash.
Source Fool.com
NIO Inc. Stock
Our community is currently high on NIO Inc. with 3 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 5 € is below the current price of 5.07 € for NIO Inc., so the potential is actually -1.38%.
