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Why Nio Stock Closed Higher Today

TheMotleyFool

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Friday's market session was a bumpy one for Chinese electric-vehicle (EV) maker Nio (NYSE: NIO). At various points, Nio shares were down over 2% and up 1.5% today before closing the final session of the week up 0.65%.

There wasn't any company-specific news from Nio today. It does have a high-profile event coming next week with its Nio Day, and that may have helped to keep trading active and ending on a high note. But it also might be something else in the EV sector that caught investors' attention.

Image source: Getty Images.

Source Fool.com

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