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Home Markets NIO Inc. ADR falls Thursday, underperforms market

NIO Inc. ADR falls Thursday, underperforms market

The NIO Inc. ADR
NIO,
+1.12%

slid 5.04% to $54.43 Thursday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index
COMP,
+0.07%

falling 0.72% to 13,865.36 and Dow Jones Industrial Average
DJIA,
+0.00%

falling 0.38% to 31,493.34. This was the ADR’s sixth consecutive day of losses. NIO Inc. ADR closed $12.56 below its 52-week high ($66.99), which the company reached on January 11th.

The ADR underperformed when compared to some of its competitors Thursday, as Tesla Inc.
TSLA,
-0.77%

fell 1.35% to $787.38, Toyota Motor Corp. ADR
TM,
+0.07%

fell 1.97% to $153.45, and Ferrari N.V.
RACE,
-0.58%

fell 0.24% to $199.45. Trading volume (61.9 M) remained 47.7 million below its 50-day average volume of 109.7 M.


Editor’s Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.

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