Why Nio, Nikola, and Kandi Technologies Stocks Dropped Today
What happenedInvestors continue to head into the end of the year shedding high-growth tech stocks. Electric-vehicle (EV) names have been caught up in that trend.Today, shares of EV-makersNio(NYSE:NIO)
Hot Chinese ADRs dipped in morning trading.Alibaba,JD.com,Pinduoduo,Baidu,NetEase,Nio,Xpeng Motors,Li Auto,DiDi Global,Bilibili and iQIYI fell between 1% and 6%.
Is NIO $nio having no more hope? Dropped since dec 1 at 40 to under 30. Massive sell off. My biggest position so far. Conviction on NIO erodes as days went by, psychological stress has not declined ever since. A slew of other ADR share tickers xpev, Li, didi, baba all shares the same trenddown, one worse than the other. I wish those comapnies sent out some bullish news but they all didnt look like showing adamant effort in reassuring the investors what (regulatory) risk mitigation are/will be undertaken....
NIO Stock Predictions: Why This Analyst Calls Nio an ‘Attractive Buy’ for 2022
Nio stock is in the news Thursday thanks to a recent prediction for how the electric vehicle company will perform in 2022.Deutsche Bank analyst Edison Yu is behind that news today. He called out the current price of NIO stock as a “great entry point setting up for a pivotal 2022,” despite the stock underperforming these last few months.Here’s a portion of Yu’s prediction for NIO stock today, as collected by Seeking Alpha.“Investor sentiment has been lackluster due to lack of new vehicles and su