Benzinga

Why Nio Stock Looks Set For A Trip North This Quarter

Nio, Inc (NYSE: NIO) was trading up about 1% on Thursday, while continuing to consolidate a 17% move off the bottom of $33.17 the stock printed on Oct. 7. The EV manufacturer, which recently began shipping vehicles to Norway had a rough third quarter, losing 36% of its value between July 1 and Sept. 30. On Thursday, it was reported 110-year-old asset management firm Baillie Gifford lowered its exposure in the China-based company during the period by about 287,255 shares, reducing its original 90

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