Nio stock has been on a free fall for the better part of this year and today it has extended the fall after dropping by 4.67%.
Nio is among many stocks that had had a very strong growth pre-2021 only to come crashing.
Today’s crash can be mainly attributed to the skepticism among investors as they fear putting their money into shares of Chinese companies following the recent decision by the U.S. Securities and Exchange Commission (SEC) to tighten their grip on foreign companies listed in the US.
To help stock investors interested in investing in Nio stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
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What is NIO stock?
NIO stock is the stock of Nio Inc – ADRand it trades on the New York Stock Exchange under the symbol NYSE: NIO.
Nio is a Chinese multinational EV automaker. Its headquarters are in Shanghai.
Nio is among the foreign companies that are listed in the US stock market. It is listed on the New York Stock Exchange.
Should I buy Nio stock today?
The price of Nio stock has been on a downward trend for the better part of this year and the trend may accelerate especially following the recent decision by the US SEC to tighten its grip on foreign companies listed in the US stock market.
Therefore, it would only be safe to buy Nio stock after it submits the required accounts reports and other documentation for audit in compliance with the US SEC since if it doesn’t it risks being delisted.
Nio stock price prediction
Although most investors believe the Nio stock is one of the most undervalued EV automaker stocks, analysts speculate that the price of Nio stock will continue dropping until it complies with the new regulations from the US SEC.
$NIO social media coverage
The post Nio stock is down 4% amid stiff competition and delisting fears: here is where to trade it appeared first on Invezz.
