NIO Inc. ADR Falls Wednesday, Underperforms Market
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The NIO Inc. ADR (NIO) slid 2.58% to $9.80 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index falling 1.35% to 10,213.29 and Dow Jones Industrial Average falling 1.10% to 32,875.71. This was the ADR's fourth consecutive day of losses. NIO Inc. ADR closed $24.00 short of its 52-week high ($33.80), which the company achieved on January 3rd.
Trading volume (42.1 M) remained 21.8 million below its 50-day average volume of 63.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 28, 2022.
(END) Dow Jones Newswires
December 28, 2022 17:13 ET (22:13 GMT)
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