Business
Nio News: Why NIO Stock Is Plunging on a Big Analyst Call – InvestorPlace
One short-selling firm has NIO stock plunging today. Here’s what you need to know about the Chinese electric vehicle company now.
Is it time to put it in reverse with Nio (NYSE:NIO
)? After a long-lasting rally, a negative headline is sending NIO stock down 8%. What was the headline? And what does it ultimately mean for investors?
Source: Sundry Photography / Shutterstock.com
Remember, Nio has been one of the best-performing stocks on Wall Street lately. Amid novel coronavirus and presidential election tension in the United States, investors have found comfort in Nio and its Chinese electric vehicle peers. Importantly, impressive…
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