107.9FM NYJ/LA

Translate This Page

Why Nio Shares Are Rising

Posted by Henry Khederian on Friday, December 31, 2021 Under: Technical Analysis

Shares of several Chinese stocks, including Nio Inc - ADR (NYSE: NIO), are trading higher after the Chinese government vowed to focus on consumption recovery and reduce some income tax rates.

Why Nio Shares Are Rising
© Provided by BenzingaWhy Nio Shares Are Rising

Shares of several Chinese stocks have otherwise been under pressure amid continued COVID-19 omicron variant concerns, which have prompted travel restrictions in some nations and added to lockdown fears. Omicron concerns have also caused uncertainty amid the holiday shopping season. Shares of Chinese companies have also been under pressure in 2021 amid further regulatory concerns in China.

See Also: Why Biogen Shares Are Falling Today

Nio operates in China's premium electric vehicle market. The company designs and jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving and artificial intelligence. 

Nio has a 52-week high of $66.99 and a 52-week low of $27.52.

In : Technical Analysis 

Tags: why nio shares are rising   cryptocurrency  buy & sell bitcoin  price charts  price alerts  secure custody  nftart 



Invest, spend, and earn 2.05% APY*–all through your brokerage account.
Our goal at Robinhood is to democratize finance. This means delivering products that help you do more with your money and improve your life. Today, we're excited to introduce Cash Management, a new feature to give you more flexibility with your brokerage account.
Flexible Spending
Use your Robinhood debit card anywhere Mastercard® is accepted around the world.
Earn 2.05% APY
Your uninvested cash is moved to banks in our program that pay you 2.05% APY*. Like all variable rates, this could go up or down over time.
FDIC Insurance
Your cash in the program banks is eligible for up to $1.25 million of FDIC insurance, or up to $250,000 per bank, subject to FDIC rules.
75,000+ ATMs
Don't pay fees at any of the 75,000+ ATMs in our network.

See the source image

For the next two weeks, you can earn increasing levels of Stock-Back™ rewards when you shift your everyday spending to your Stash debit card.* 

Every qualifying swipe over $5 gets you closer to leveling up your Stock-Back rewards. Levels start tomorrow and reset to zero on Monday, November 18.

Follow Us


Flag Counter

Flag Counter

Make a free website with Yola