Why NIO Stock Sank 19.7% in February
Shares of NIO (NYSE: NIO) slumped 19.7% in February, according to data from S&P Global Market Intelligence. The Chinese electric vehicle (EV) company got caught up in a broader sell-off of growth-dependent technology stocks, and more near-term volatility could be in the cards. NIO has been on a huge winning streak, and its stock trades up more than 1,020% across the last 12 months even after the recent pullback.