Why NIO Stock Was Down and Then Up Today
Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) opened sharply lower on Wednesday, only to recover to positive territory a day after a strong sales report. NIO's American depositary shares had been down as much as 15% early in the session, but as of 1:45 p.m. EST today, they were trading up about 4.3% from Tuesday's closing price. NIO was one of several electric-vehicle (EV) stocks that appeared to be headed for another deep-red day early on Wednesday after closing down sharply on Tuesday.
