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Why Nio Stock Accelerated 19.4% Higher in September

TheMotleyFool 
0 0 03.10.25
Why Nio Stock Accelerated 19.4% Higher in September: https://g.foolcdn.com/editorial/images/835879/driver-uses-smartphone-while-charging-electric-car.jpg
 

After driving more than 30% higher in August, Chinese electric vehicle (EV) maker (NYSE: NIO) continued powering higher last month. Investors found good news bookmarking September, with the company reporting strong quarterly earnings early in the month, through the end of the month, when Nio posted encouraging September sales.

According to data provided by S&P Global Market Intelligence, shares of Nio rose 19.4% in September.

Image source: Getty Images.

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Source Fool.com

NIO Inc. Stock

€4.60
2.160%
There is an upward development for NIO Inc. compared to yesterday, with an increase of €0.097 (2.160%).
With 2 Sell predictions and 0 Buy predictions the community sentiment towards the NIO Inc. stock is not clear.
This results in a negative potential of -34.8% based on a current price of 4.6 € and a target price of 3 € for the stock.
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