Why NIO Stock Is Down Again Today

Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading lower on Friday. As of noon EST, the company's American depositary shares were down about 5.2% from Thursday's closing price.

It wasn't immediately clear why NIO's shares were trading lower. There was no negative news from the company -- on the contrary, earlier this week NIO reported record deliveries in November and said that it's accelerating plans to boost production due to high demand.

NIO's deliveries broke another record in November. Image source: NIO.

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Source Fool.com