Friday’s trading session delivered another significant blow to Chinese electric vehicle manufacturer Nio, as its stock experienced a sharp decline. The shares plummeted by 5.9%, falling from $7.47 to an intraday low of $7.46. This accelerated sell-off was accompanied by a dramatic surge in trading volume, which soared to 55% above its average level. Approximately 92 million shares changed hands, indicating a substantial wave of investor divestment.
The combination of a steep price drop and exceptionally high volume points to an intensifying downward trend for the EV maker. After trading at notably higher levels at the start of the year, Nio’s stock is now grappling with persistent negative momentum. Market participants are questioning whether this represents a temporary phase of weakness or the beginning of a more prolonged corrective period for the Chinese automotive pioneer. The current market sentiment reflects a notable lack of confidence in the company’s near-term prospects.
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