Nio's stock extends pullback ahead of earnings report

Dow Jones2020-11-16

MW Nio's stock extends pullback ahead of earnings report

Shares of Nio Inc. $(NIO)$ dropped 6.5% in premarket trading, to extend the pullback a day before the China-based electric vehicle maker reports third-quarter results. The stock had dropped 7.7% on Tuesday, after soaring 12.1% on Thursday to close at a record $48.30. Nio is scheduled to reveal results before Tuesday's open, with analysts surveyed by FactSet earnings per share of RMB1.18 on revenue of RMB4.37 billion ($662.6 million). Among other China-based EV makers, shares of Li Auto Inc. $(LI)$ gained 0.6% ahead of the open and XPeng Inc. $(XPEV)$ fell 2.4%. Nio's stock has rocketed 1,008.5% year to date through Friday, while the iShares MSCI China ETF $(MCHI)$ has rallied 25.5% and the S&P 500 has gained 11.0%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

$(END)$ Dow Jones Newswires

November 16, 2020 08:47 ET (13:47 GMT)

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精彩评论

高火火
2020-11-17
高火火
股价下跌
点点的小爸爸
2020-11-16
点点的小爸爸
什么是延长回调啊？
- SuperRich:
  同问

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