Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Is Nio's Stock Surging Today?

TheMotleyFool

0 0

Shares of Chinese electric vehicle maker Nio (NYSE: NIO) opened sharply higher on Monday, amid a surprising rally for companies that have spent time as "meme stocks" over the last couple of years, but that have had rough rides recently.

As of 11:35 a.m. ET, Nio's American depositary shares were up about 15.5% from Friday's closing price.

Nio was one of many stocks in the electric vehicle space moving sharply higher on Monday, possibly due to a relief rally after a tumultuous month that saw many once-popular names drop sharply.

Source Fool.com

Like: 0

NIO

Share