NIO Stock Continues to Gain Momentum. Here's What Investors Should Know

By Neil Rozenbaum – Jun 16, 2023 at 10:00AM

NYSE: NIO

Nio

Market Cap

$7B

Today's Change

(8.72%) $0.36

Current Price

$4.49

Price as of April 26, 2024, 4:00 p.m. ET

The worst might be over, but that doesn't mean much.

In this video, I will talk about Nio (NIO 8.72%), explaining the reason the stock is up over 25% this month despite a weak earnings report and why investors shouldn't celebrate too early.

*Stock prices used were from the trading day of June 15, 2023. The video was published on June 16, 2023.

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nio. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.