NIO Inc
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Consumer Discretionary : Automobiles |
Based in China
Company profile

Nio, Inc. designs, manufactures and sells smart and connected electric vehicles. It manufactures autonomous driving electric vehicles integrated with next generation technologies and artificial intelligence. It manufactures ES8, which is a seven-seated all aluminum alloy body electric sports utility vehicle (SUV). It is equipped with e-propulsion system which is capable of accelerating from zero to 100 km per hour in 4.4 seconds and delivering a New European Driving Cycle driving range of up to 355 Kilometers (km) and a maximum range of up to 500 km in a single charge. It is also focused on providing vehicle charging solutions, which include Power Home, Power Swap, Power Mobile and Power Express service. It also offers various value-added services to its users, such as statutory and third-party liability insurance and car damage insurance through third-party insurers, repair and routine maintenance services, courtesy car during lengthy repairs and maintenance and roadside assistance.

This security is an American depositary receipt
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Closing Price
$56.27
Day's Change
-4.60 (-7.56%)
Bid
--
Ask
--
B/A Size
--
Day's High
60.22
Day's Low
55.67
Volume
(Below Average)
Volume:
132,247,850

10-day average volume:
164,950,704
132,247,850

NASDAQ: EHTH Investor Notice: Update in Lawsuit against eHealth, Inc. announced by Shareholders Foundation

7:10 am ET November 10, 2020 (Globe Newswire) Print

The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in eHealth, Inc. (NASDAQ: EHTH) shares.

Investors, who purchased shares of eHealth, Inc. (NASDAQ: EHTH) in March 2018 or earlier and continue to hold any of those eHealth, Inc. (NASDAQ: EHTH shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On April 9, 2020, a lawsuit was filed against eHealth, Inc. (NASDAQ: EHTH over alleged Securities Laws Violations. The plaintiff alleged that the defendants misrepresented and/or failed to disclose to investors that it had highly aggressive accounting and modeling assumptions, that it suffered from skyrocketing rate of member churn, resulting from eHealth's pursuit of low quality, lossmaking growth, that it relied on direct response television advertising, which attracts an unprofitable, high churn enrollee, and that as a result of the foregoing, defendants' public statements were materially false and misleading at all relevant times.

On August 25, 2020, an amended complaint was filed and on October 23, 2020, the defendants filed their motion to dismiss the case.

Those who purchased eHealth, Inc. (NASDAQ: EHTH) shares should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.

Michael Daniels

+1 (858) 779-1554

mail@shareholdersfoundation.com

3111 Camino Del Rio North

Suite 423

San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

https://ml.globenewswire.com/media/ac7fd5ae-f736-4d85-beb4-7b45cd2cbf08/small/shareholders-foundation.jpg

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