NIO (NYSE: NIO) Shares Have Been Pummeled Over the Past Few Days Due To Overblown Delisting Fears That Are Largely Unfounded

NIO (NYSE: NIO) Shares Have Been Pummeled Over the Past Few Days Due To Overblown Delisting Fears That Are Largely Unfounded

3 years ago
Anonymous $RGO3jP_V_c

https://wccftech.com/nio-shares-have-been-pummeled-over-the-past-few-days-due-to-overblown-delisting-fears-that-are-largely-unfounded/

NIO (NYSE:NIO), the pre-eminent Chinese EV company, has seen its share price brutally hammered over the past few days. As an illustration, relative to the opening price of $54.24 on Monday, the stock has now registered a loss of over 14 percent, based on the current pre-market share price of $46.60. Of course, the loss was much worse yesterday, when NIO shares appeared ready to fall below the $40 price threshold, having opened the regular trading session at the $40.15 price level.

NIO Reports an Increase of 109.3% in EV Deliveries for November 2020 as the Company’s Improving Fundamentals Propel Its Market Cap To the 4th Largest Among Global Automakers