Previous close | 10.40 |
Open | 10.26 |
Bid | 0.00 x N/A |
Ask | 0.00 x N/A |
Day's range | 10.23 - 10.60 |
52-week range | 10.23 - 10.60 |
Volume | |
Avg. volume | N/A |
Market cap | N/A |
Beta (5Y monthly) | 1.88 |
PE ratio (TTM) | N/A |
EPS (TTM) | -1.03 |
Earnings date | 07 Jun 2023 - 12 Jun 2023 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 31.76 |
Shares of Chinese electric vehicle (EV) maker Nio (NYSE: NIO) have bounced off multiyear lows this week in a big way. Nio is about to announce its first-quarter delivery data, and investors hope it surpasses its prior, seemingly conservative guidance. Nio likely is riding those tailwinds as well.
Shares of the Chinese electric vehicle maker Nio (NYSE: NIO) were rising today as investors processed the news that Alibaba -- China's largest e-commerce company -- is restructuring its business. The move is largely viewed by investors as a sign that the Chinese government, which has been heavy handed against tech companies over the past few years, is now softening its approach. Nio investors were optimistic today that less regulation for tech companies could result in a better environment for both businesses and consumers, and more growth for China's economy.
Nio (NYSE: NIO) shares soared more than 8% Wednesday as technology stocks rallied on Wall Street. Nio's American depositary shares held on to much of those gains, up 6.8% as of 3:47 p.m. ET. The rally coincides with moves higher by many electric vehicle (EV) and other alternative energy growth stocks.