NIO Stock Tumbles Over 2.4% Tuesday, Trading Near Session Lows
NEW YORK – Shares of electric vehicle manufacturer NIO Inc. (NIO) experienced a downturn in Tuesday morning trading, falling significantly after the market opened.
As of 11:03 AM Eastern Time on April 9th, NIO stock was priced at
3.0635∗∗ontheNYSE.Thisreflectsadeclineof∗∗−0.0765, translating to a -2.4363% loss for the trading session thus far.
The stock opened at $3.0900, already below the previous day’s close of $3.1400, and continued its downward trajectory. The day’s trading range for NIO has been between $3.0400 and $3.2400, placing the current price near the bottom end of its intraday activity.
Investor activity was notable, with over 22 million shares traded by late morning. The selling pressure highlights challenges for the EV stock as it navigates the current market dynamics, testing levels close to its 52-week low of $3.0200.
