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The NIO Inc. ADR (NIO) slipped 4.68% to $35.05 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 2.83% to 14,546.68 and Dow Jones Industrial Average falling 1.63% to 34,299.99. NIO Inc. ADR closed $31.94 short of its 52-week high ($66.99), which the company reached on January 11th.
The ADR underperformed when compared to some of its competitors Tuesday, as Tesla Inc. (TSLA) fell 1.74% to $777.56, Toyota Motor Corp. ADR (7203.TO) fell 0.90% to $184.85, and Ferrari N.V. (RACE) fell 2.42% to $211.31. Trading volume (37.2 M) remained 4.5 million below its 50-day average volume of 41.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 28, 2021.
(END) Dow Jones Newswires
September 28, 2021 17:11 ET (21:11 GMT)
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