Why Is It Moving? Analyzing The Downward Movement in NIO's Stock Today

NIO's Stock Price And Volume Action

NIO's NIO stock has been falling Monday, down 2.54% to a price of $57.43. Monday the stock has been traded at a volume of 8.39 million, about 6.74% of its recent 30-day volume average of 124.45 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: NIO shares are trading higher after the company provided a January 2021 delivery update. January deliveries rose 352% year over year.

Insights On Recent Price Action

The moving average price of the stock over the past 50 days was $51.27 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $66.99 and as low as $2.11.

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