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 Stock Bounced Today

TheMotleyFool

0 0

Shares of Chinese electric vehicle maker Nio (NYSE: NIO) opened Monday's trading session more than 3% below Friday's closing price after the company released its October vehicle delivery data. But investors looked beyond the disappointing numbers and reversed course on the stock, sending shares about 2% higher as of 11:20 a.m. EDT.

Investors have shown high hopes for Nio, giving the company a market cap of more than $65 billion even though it has yet to report a profit. The enthusiasm is based on its growth and future prospects.

Nio ES6 electric SUV. Image source: Nio.

Source Fool.com

Like: 0

NIO

Share