The NIO Inc. ADR NIO, -8.45% shed 8.45% to $46.04 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP, +0.01% rising 0.01% to 14,665.06 and the Dow Jones Industrial Average DJIA, +0.30% rising 0.30% to 34,681.79. This was the ADR’s fourth consecutive day of losses. NIO Inc. ADR closed $20.95 below its 52-week high ($66.99), which the company reached on January 11th.
The ADR underperformed when compared to some of its competitors Wednesday, as Tesla Inc. TSLA, -2.26% fell 2.26% to $644.65, Toyota Motor Corp. ADR TM, +0.41% rose 0.41% to $175.65, and Ferrari N.V. RACE, +0.57% rose 0.57% to $207.03. Trading volume (85.4 M) eclipsed its 50-day average volume of 66.6 M.
Leave a Reply