Previous close | 5.55 |
Open | 5.55 |
Bid | 5.55 |
Ask | 5.65 |
Strike | 10.00 |
Expiry date | 2024-11-15 |
Day's range | 5.55 - 5.55 |
Contract range | N/A |
Volume | |
Open interest | 5 |
NIO Inc. (NIO) closed at $4.27 in the latest trading session, marking a -0.7% move from the prior day.
China is expanding its stimulus program by approximately 300 billion yuan ($41.5 billion) to subsidize purchases of passenger vehicles and consumer electronics, aiming to boost stagnant retail spending. The update boosted Chinese electric vehicle stocks, including NIO Inc. (NYSE:NIO), XPeng Inc. (NYSE:XPEV), and Li Auto Inc. (NASDAQ:LI). The National Development and Reform Commission and the Ministry of Finance made a joint announcement on Thursday. The funding will come from the 1 trillion yuan
As NIO stock hovers around 72% below its 52-week high, the question is should investors consider this a buying opportunity?