NIO Inc. ADR rises Friday, outperforms market
The NIO Inc. ADR
NIO,
rallied 1.11% to $42.67 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index
COMP,
rising 1.00% to 15,860.96 and the Dow Jones Industrial Average
DJIA,
rising 0.50% to 36,100.31. This was the ADR’s second consecutive day of gains. NIO Inc. ADR closed $24.32 below its 52-week high ($66.99), which the company reached on January 11th.
The ADR demonstrated a mixed performance when compared to some of its competitors Friday, as Tesla Inc.
TSLA,
fell 2.83% to $1,033.42, Toyota Motor Corp. ADR
TM,
rose 3.00% to $184.40, and Ferrari N.V.
RACE,
rose 0.18% to $258.57. Trading volume (34.6 M) remained 1.1 million below its 50-day average volume of 35.6 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.