Why Nio Stock Is Accelerating Higher Today
Before the start of Friday's trading session, (NYSE: NIO) stock had charged higher every day this week. Thanks to speculation of the company's international expansion and an analyst's auspicious outlook, it's likely that shares of the electric car stock will lock in another day of gains today.
As of 2:06 p.m. ET, shares of Nio are up 10%.
Investors' hearts seem to be racing today after Nio revealed plans to expand beyond China. The company tweeted today that it plans on developing its presence in the Netherlands with the opening of a Nio Hub.
Source Fool.com
NIO Inc. Stock
€4.05
-0.730%
The community is currently still undecided about NIO Inc. with 2 Buy predictions and 0 Sell predictions.
With a target price of 5 € there is a positive potential of 23.55% for NIO Inc. compared to the current price of 4.05 €.
