After underperforming the Nasdaq composite index by a significant margin this year, the American Depositary Receipt or ADR of Chinese EV (electric vehicle) maker Nio (NIO) has risen about 16% so far in October.  Further, TipRanks’ Stock Investors tool indicates that investors who hold portfolios on TipRanks currently have a Very Negative outlook on Nio stock. However, about 0.3% of these investors have increased their exposure to Nio in the last seven days.  So what has changed?  To provide a bit of context, Nio ADR slumped due to the overall selling pressure on Chinese stocks. Meanwhile, supply-chain constraints added to its pain.
https://www.tipranks.com/news/article/are-the-tides-finally-turning-for-nio?utm_source=advfn.com&utm_medium=referral
NIO (NYSE:NIO)
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NIO (NYSE:NIO)
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From Nov 2020 to Nov 2021 Click Here for more NIO Charts.