Why Niu Technologies Stock Jumped 11% Today
Shares of Chinese electric-scooter maker Niu Technologies (NASDAQ: NIU) had a great year in 2020, rising more than 200%. Those gains continued on Tuesday, with shares 11% above Monday's closing price, as of 2 p.m. EST.
Last week, Niu provided a business update and reported fourth-quarter sales of its smart scooters grew 41% compared to the prior-year period. While the Chinese market still dominates its sales volume, the company reported that international sales almost tripled in the fourth quarter.
Source Fool.com
