Nio Stock Price Dips: NIO Shares Slide Nearly 2% in Wednesday Trading

Shares of electric vehicle manufacturer Nio Inc. (NYSE: NIO), traded as American Depositary Receipts (ADRs), edged lower during the midday trading session on Wednesday, April 10th. Investors witnessed a decline in the stock’s value as the market day progressed. As of 12:16 PM UTC-4, Nio ADRs were priced at $3.25 on the New York Stock Exchange.

This figure marks a decrease of $0.065 per share from the previous day’s close, representing a decline of 1.96% for the session so far. The stock is currently trading below its prior closing price of $3.31, indicating selling pressure on the shares today.

The intraday chart for NIO shows the stock opened lower and experienced choppy trading throughout the morning. After fluctuating in a relatively tight range, the price saw a further dip leading into the afternoon session, hitting the $3.25 mark.

Market watchers are keeping an eye on NIO’s performance as trading continues in the US. The movement reflects the current dynamics affecting the China-based EV maker’s stock listed on the NYSE.