Shares of Nio Inc. have spiked, after DigiTimes reported that the China-based electric vehicle maker recorded a big jump in sales in June. Investors, what are your thoughts on NIO?
Shares of Nio Inc. NIO, +25.77% were vaulted 21% higher in premarket trading Monday, after DigiTimes reported that the China-based electric vehicle maker recorded a big jump in sales in June. The rally puts the stock on track for a fifth-straight gain, to the highest price seen during regular session hours since Sept. 14, 2018, which was Nio's third day as a public company; the stock's record close was $11.60 on Sept. 13, 2018. The stock rocketed 35.
reporting on Thursday second-quarter deliveries that were well above expectations. Nio's stock has more than doubled year to date through Thursday , while Tesla shares have nearly tripled and the S&P 500 SPX, +1.31% has slipped 3.1%.
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