Why Nio Stock Jumped Over 10% This Week
(NYSE: NIO) stock has been on the move higher this week. As of Thursday, 2:45 p.m. ET, shares of the Chinese electric vehicle (EV) maker have jumped by 11.8%, according to data provided by S&P Global Market Intelligence.
While the move continues an upward trend since July, this week's jump came after Nio reported strong September EV sales. In fact, those record monthly sales also led to a record quarter for Nio's EV deliveries.
Image source: Nio.
Source Fool.com
NIO Inc. Stock
€4.60
2.160%
The community is currently still undecided about NIO Inc. with 0 Buy predictions and 2 Sell predictions.
A potential of -34.8%, resulting from comparing the current price of 4.6 € with the target price of 3 € for NIO Inc., shows the chance of incurring significant losses.
