Investing.com - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Forward Guidance Sets Ambitious but Realistic Tone for NIO

Published 05/03/2021, 10:55 AM
Updated 05/03/2021, 11:30 AM
© Reuters. Forward Guidance Sets Ambitious but Realistic Tone for NIO
NIO
-

After a powerful rally in 2020, NIO stock needed to cool down for a while. But now, a setup for another leg up could be in the works.Just about anyone who held shares of Chinese electric vehicle start-up NIO (NYSE:NIO) in 2020 did well. That year, despite the global Covid-19 pandemic, NIO stock gained more than 1,100%.

That stunning rally persisted into early 2021, but no bull run is meant to last forever. February was a challenging month for Nio (NYSE:NIO)'s shareholders, while March and April were marked by frustratingly choppy price action.

So, what are traders supposed to do with NIO stock now? The share price is all over the map, making analysis difficult.

Continue reading on StockNews

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.