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Why NIO Stock Is Up Today – Motley Fool

There are good reasons for the stock to rebound after Monday’s sell-off.



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What happened
Shares of Chinese electric-vehicle maker NIO (NYSE:NIO) were rising on Tuesday morning, as buyers waded in a day after the shares were hit in a broad U.S. market sell-off on COVID-19 concerns.
As of 11 a.m. EDT, NIO’s American depositary receipts were up about 5.4% from Monday’s closing price.
So what
Shares of NIO and several other electric-vehicle makers were hit hard in Monday’s market sell-off, as investors appeared to be unloading higher-volatility stocks on economic concerns…

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