What's Going On With NIO Shares Tuesday?
Portfolio Pulse from Nabaparna Bhattacharya
NIO Inc. shares are trading lower despite a new partnership with Chery to expand its charging network. NIO's stock has dropped over 46% in the past year. Investors can access NIO through ETFs like Invesco Golden Dragon China ETF and KraneShares Electric Vehicles and Future Mobility Index ETF.
September 10, 2024 | 12:20 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
KraneShares Electric Vehicles and Future Mobility Index ETF includes NIO, which is trading lower despite a new partnership with Chery.
KARS holds NIO, which is trading lower. The ETF may be affected by NIO's performance, as the stock has been declining.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
NIO shares are trading lower despite a new partnership with Chery to expand its charging network. The stock has lost over 46% in the past year.
Despite the positive news of a new partnership with Chery, NIO shares are trading lower, indicating that the market may be focusing more on the overall negative trend of the stock, which has lost over 46% in the past year.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Invesco Golden Dragon China ETF provides exposure to NIO, which is trading lower despite a new partnership with Chery.
PGJ holds NIO, which is trading lower. The ETF may be impacted by NIO's performance, as the stock has been on a downward trend.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50