NIO Inc. ADR Falls Wednesday, Underperforms Market
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The NIO Inc. ADR (NIO) slid 3.51% to $11.01 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index falling 1.24% to 10,957.01 and Dow Jones Industrial Average falling 1.81% to 33,296.96. This was the ADR's third consecutive day of losses. NIO Inc. ADR closed $19.87 short of its 52-week high ($30.88), which the company reached on January 20th.
Trading volume (43.0 M) remained 14.0 million below its 50-day average volume of 57.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 18, 2023.
(END) Dow Jones Newswires
January 18, 2023 17:12 ET (22:12 GMT)
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