Are the Tides Finally Turning for Nio?
- Date: 26-Oct-2021
- Source: Nasdaq
- Sector:Financial Markets
- Country:Middle East
Are the Tides Finally Turning for Nio?
After underperforming the Nasdaq composite index by a significant margin this year, the American Depositary Receipt or ADR of Chinese EV (electric vehicle) maker Nio (NIO) has risen about 16% so far in October.
Further, TipRanks’ Stock Investors tool indicates that investors who hold portfolios on TipRanks currently have a Very Negative outlook on Nio stock. However, about 0.3% of these investors have increased their exposure to Nio in the last seven days.
So what has changed?
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