Is NIO Stock a Buy After China Stimulus, Cash Boost & Record Q3 Sales?
NIONIO(NIO) ZACKS·2024-10-02 22:03

After underperforming on the bourses for much of 2024, China’s noted electric vehicle (EV) player, NIO Inc. (NIO) ), has made a solid comeback in the past month. Shares of NIO have rocketed more than 69% over the past month, handily outperforming the industry, sector and S&P 500. The stock has also surpassed the impressive growth of its closest peers, Li Auto (LI) and XPeng (XPEV) , during the same period.One-Month Price Performance Comparison Image Source: Zacks Investment ResearchIn fact, in the last six ...