$NIO Inc.(NIO)$it will be steady perform after the fear of Chinese stock risk subside
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
$NIO Inc.(NIO)$the price lagging behind other EVs. Let's catch up in 2022
Why Nio Shares Dropped Again Today
Chinese electric vehicle maker Nioheld its annual Nio Day event last weekend where it unveiled its latest new electric sedan. Though customers appear to be eager to purchase one, Nio stock's continued decline has resulted in a 22% drop in the stock's value over the past month. Today, shares dropped 1.03% and continued to slide 1.34% in extended hours.Nio hasn't put out any company-specific news today, but it introduced its new ET5 electric sedan last weekend, which it hopes will compete with Te
Alibaba shares fell 3.45% in premarket trading.Chinese regulators have suspended an information-sharing partnership with Alibaba Cloud Computing, a subsidiary of e-commerce conglomerate Alibaba Group, over accusations it failed to promptly report and address a cybersecurity vulnerability, according to state-backed media reports.