Why Nio Stock Is Climbing Today
Nio's deliveries rose more than 20% year over year in the first four months of 2024. Image source: Nio.
Shares of Chinese electric-vehicle (EV) maker Nio (NYSE: NIO) were moving higher on Monday as investors revisited former meme stocks that enjoyed social media-powered surges earlier in this decade. But the company had recent good news of its own to report.
As of 2:25 p.m. ET, Nio's American depositary shares were up about 6.7% from Friday's closing price.
Source Fool.com
NIO Inc. Stock
€4.15
0.150%
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 20.63% for NIO Inc. compared to the current price of 4.15 €.
