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Is it Time to Dump Nio Inc - ADR (NIO) Stock After it Is Down 7.95% in a Week?

Monday, March 13, 2023 11:45 AM | InvestorsObserver Analysts

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Is it Time to Dump Nio Inc - ADR (NIO) Stock After it Is Down 7.95% in a Week?

Overall market sentiment has been down on Nio Inc - ADR (NIO) stock lately. NIO receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Nio Inc - ADR has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NIO!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With NIO Stock Today?

Nio Inc - ADR (NIO) stock is trading at $8.57 as of 11:43 AM on Monday, Mar 13, a rise of $0.06, or 0.71% from the previous closing price of $8.51. The stock has traded between $8.03 and $8.69 so far today. Volume today is below average. So far 24,103,276 shares have traded compared to average volume of 47,039,932 shares. To see InvestorsObserver's Sentiment Score for Nio Inc - ADR click here.

More About Nio Inc - ADR

Nio is a leading electric vehicle maker targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched the first model, its ES8 seven-seater electric SUV in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 122,000 EVs in 2022, accounting for about 2% of the China passenger new energy vehicle market. Click Here to get the full Stock Report for Nio Inc - ADR stock.

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