Business
Keep on Avoiding Nio Stock, as Signs Point to Even Lower Prices – InvestorPlace
Expect Nio’s current hiccups to continue putting downward pressure on NIO stock. Not yet finding its floor, its share price could still drift back below $30 per…
When I last wrote about Nio (NYSE:NIO
) stock last month, I made the case that it was ready to take another tumble. So far, that’s ended up being the case. Since late April, when shares in the Chinese electric vehicle (EV) play were finding support at around $35-$40 per share, the stock has seen a further slide. Trending lower, it’s currently at around $32 per share.
The reason? For one, fading interest in EV stocks. Other major names in this space, including Tesla (NASDAQ:TSLA
) continue to pull…
-
Noosa News15 hours agoCommissioner thanks police officer who threw a speed radar at a car
-
Noosa News20 hours agoBrisbane news live: Federal fund for council’s cyclone clean-up dries up
-
Noosa News22 hours agoDifficult to diagnose and potentially deadly — this lesser-known disease is becoming more common
-
Noosa News13 hours agoDefence investigation finds Taipan pilot’s actions possibly prevented further fatalities in crash