What's Going On With NIO Stock Today?
Portfolio Pulse from Nabaparna Bhattacharya
NIO Inc. (NYSE:NIO) shares are trading lower, down 1.67% to $3.825. The stock has lost over 69% in the past year. Investors can gain exposure via KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) and KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:KARS). An Onvo executive released an interior image of the L60, NIO’s sub-brand debut model, as it approaches mass production.
August 14, 2024 | 3:35 pm
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NEGATIVE IMPACT
KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:KARS) provides exposure to NIO stock, which is trading lower by 1.67% today.
KARS ETF includes NIO, which is experiencing a decline. This could negatively impact the ETF's performance in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) provides exposure to NIO stock, which is trading lower by 1.67% today.
KGRN ETF includes NIO, which is experiencing a decline. This could negatively impact the ETF's performance in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
NIO Inc. shares are trading lower by 1.67% to $3.825. The stock has lost over 69% in the past year. An Onvo executive released an image of the L60, NIO’s sub-brand debut model, as it approaches mass production.
NIO's stock is trading lower, continuing a significant downtrend over the past year. The release of the Onvo L60 image indicates progress but hasn't positively impacted the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100