NIO Inc. ADR Falls Tuesday, Underperforms Market
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The NIO Inc. ADR (NIO) slid 3.31% to $11.41 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.14% to 11,095.11 and the Dow Jones Industrial Average falling 1.14% to 33,910.85. This was the ADR's second consecutive day of losses. NIO Inc. ADR closed $19.50 short of its 52-week high ($30.91), which the company reached on January 18th.
Trading volume (48.6 M) remained 9.0 million below its 50-day average volume of 57.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 17, 2023.
(END) Dow Jones Newswires
January 17, 2023 17:13 ET (22:13 GMT)
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