The NIO Inc. ADR
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
falling 0.72% to 13,865.36 and Dow Jones Industrial Average
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.
fell 1.35% to $787.38, Toyota Motor Corp. ADR
fell 1.97% to $153.45, and Ferrari N.V.
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.