Why Nio Stock Skyrocketed Today
(NYSE: NIO) stock rocketed higher in Tuesday's trading following the announcement of a new vehicle. The company's share price closed out the daily session up 11%, despite a 0.4% decline for the Nasdaq Composite index in the session.
Nio's valuation surged today after the company announced its new three-row SUV model. With today's pop, the stock is now up roughly 15% across this year's trading.
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Source Fool.com
NIO Inc. Stock
€5.66
9.260%
With 1 Buy predictions and 2 Sell predictions the community is currently undecided on NIO Inc..
This results in a negative potential of -47.0% based on a current price of 5.66 € and a target price of 3 € for the stock.
