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NIO Inc. (NIO.SI)

SES - SES Delayed Price. Currency in USD
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10.14+0.29 (+2.94%)
At close: 05:06PM SGT
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Previous close9.85
Open10.21
Bid10.14 x N/A
Ask10.15 x N/A
Day's range10.06 - 10.46
52-week range8.03 - 25.35
Volume185,640
Avg. volume200,657
Market cap16.929B
Beta (5Y monthly)1.92
PE ratio (TTM)N/A
EPS (TTM)-1.33
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
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    Why Nio Shares Are More Than 15% Higher This Week

    Shares of Chinese electric vehicle (EV) maker Nio (NYSE: NIO) have bounced off multiyear lows this week in a big way. Nio is about to announce its first-quarter delivery data, and investors hope it surpasses its prior, seemingly conservative guidance. Nio likely is riding those tailwinds as well.

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    Why Nio Stock Got a Boost Today

    Shares of the Chinese electric vehicle maker Nio (NYSE: NIO) were rising today as investors processed the news that Alibaba -- China's largest e-commerce company -- is restructuring its business. The move is largely viewed by investors as a sign that the Chinese government, which has been heavy handed against tech companies over the past few years, is now softening its approach. Nio investors were optimistic today that less regulation for tech companies could result in a better environment for both businesses and consumers, and more growth for China's economy.