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NIO Stock Falls At Session Start On Tuesday, Underperforms Market

Via News Editorial Team

December 1, 2020

NIO Stock Falls At Session Start On Tuesday, Underperforms Market

According to today's article on Bloomberg Quint, "Credit Suisse Proposes Antonio Horta-Osorio as Next Chairman."

According to today's article on Bloomberg Quint, "South African Government-Pay Dispute With Unions Heads for Court."

Even though NIO has been somewhat immune to the crisis, shares sliding 2.7% to $49.17 at 10:11 EST on Tuesday, after two sequential sessions in a row of gains. The New York Stock Exchange is falling 1.35% to $14,006.50, following yesterday's downward trend, on what up to now seems, an all-around rough trend trading session today.

The rise and fall---and rise again---of chinese EV startup NIO. According to yesterday's article on The Wall Street Journal, "A year ago, Chinese electric-vehicle startup NIO was near ruin."

How NIO, a chinese EV startup, rose, fell and rose again. According to yesterday's article on The Wall Street Journal, "A year ago, Chinese electric-vehicle startup NIO was near ruin."

According to yesterday's article on MarketWatch, "How cod and haddock could scuttle U.K"

NIO's last close was $54.00, 16.33% below its 52-week high of $57.20.

NIO's sales growth is 136.8% for the present quarter and 262.3% for the next. The company's growth estimates for the ongoing quarter and the next is 74.4% and 47.8%, respectively.

NIO's stock is valued at $49.17 at 10:11 EST, way below its 52-week high of $57.20 and way above its 52-week low of $2.11.

NIO's worth is way above its 50-day moving average of $37.43 and way above its 200-day moving average of $18.77.

According to Bloomberg Quint on Fri Nov 27, "Ethiopian Leader Rebuffs African Union Bid to End Civil Conflict."