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Why Nio Shares Bounced Back Today

·2 min read
Why Nio Shares Bounced Back Today
In this article:
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Nio (NYSE: NIO) shares had been on a bit of a roll over the last two weeks, but that run just hit a wall. Yesterday's drop came after a Chinese competitor provided its quarterly report Monday and its president warned that the second quarter has become more challenging. Nio shares continued to fall in reaction early today, lower by as much as nearly 4%.