NIO Inc. (NIO) Stock Drops Despite Market Gains: Important Facts to Note
NIO(NIO) ZACKS·2024-08-10 06:45
In the latest trading session, NIO Inc. (NIO) closed at $3.78, marking a -1.05% move from the previous day. This change lagged the S&P 500's 0.47% gain on the day. Meanwhile, the Dow gained 0.13%, and the Nasdaq, a tech-heavy index, added 0.51%.Heading into today, shares of the company had lost 18.38% over the past month, lagging the Auto-Tires-Trucks sector's loss of 16.71% and the S&P 500's loss of 4.45% in that time.The investment community will be closely monitoring the performance of NIO Inc. in its fo ...