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 Nio Shares Jumped Friday

TheMotleyFool

0 0

Why Nio Shares Jumped Friday: https://g.foolcdn.com/editorial/images/700139/nioet7-hero-design.png

Nio (NYSE: NIO) reported increasing losses in its second-quarter earnings report this week, but investors are shrugging that off, sending shares soaring Friday morning. After jumping as much as 10.9%, shares of the Chinese EV maker remained 10.1% above Thursday's closing price as of 10:50 a.m. ET.

Nio's quarterly report wasn't all bad news for investors. Although its profit margins have been on a downward trend, new models being launched could turn that around in the coming years. That longer-term outlook, along with some positive economic data out of China today, are working to boost Nio shares.

Source Fool.com

Like: 0

NIO

Share