|Bid||30.73 x 1400|
|Ask||30.69 x 900|
|Day's Range||30.03 - 31.59|
|52 Week Range||1.58 - 32.20|
|Beta (5Y Monthly)||2.78|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 28, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||19.35|
What happened Shares of several electric-vehicle companies were trading lower on Friday afternoon, as rising numbers of coronavirus infections and disappointing earnings results from key tech bellwethers sent investors heading for the exits.
Shares of Nio Inc. soared 15.2% to a record high in very active afternoon trading Thursday, to pace a broad rally in the shares of electric vehicle makers, particularly those based in China. Trading volume ballooned to 177.3 million shares, enough to make the stock the most actively traded on the NYSE. The gains come after Ford Motor Co. reported late Wednesday blowout third-quarter results, boosted by strength in its China business. Separately, the Nikkei reported earlier this week that China plans to phase out all gas-burning vehicles by 2035. Among other China-based EV makers, shares of Li Auto Inc. ran up 11.9% and XPeng Inc. shot up 8.3%. Among U.S. EV makers, shares of Tesla Inc. rallied 2.0%, Workhorse Group Inc. climbed 2.2% and Nikola Corp. tacked on 1.1%. Meanwhile, the iShares MSCI China ETF advanced 2.3% in afternoon trading, while the S&P 500 gained 1.8%.
What happened Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading higher on Thursday after the company said that it had hit a key production milestone. As of 12:25 p.m. EDT, NIO's American depositary shares were up by about 10.