Why Nio Shares Are Jumping This Week
(NYSE: NIO) shares had another positive week continuing the momentum seen this month. For the final week of June, Nio's American depositary shares were higher by about 11% as of Friday morning, according to data provided by S&P Global Market Intelligence.
That brings June's gains to nearly 25%.
Investors may be anticipating good news when the Chinese electric vehicle (EV) maker reports its monthly deliveries over this upcoming weekend. Nio's vehicle deliveries have shown a decline over the past four straight months, so investors seem to be expecting an end to that trend.
Source Fool.com
NIO Inc. Stock
€3.75
-0.350%
Currently there is a rather positive sentiment for NIO Inc. with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 5 € shows a positive potential of 33.33% compared to the current price of 3.75 € for NIO Inc..
