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Why Is It Moving? Looking Into Why NIO's Stock is Trading Higher Today

January 22, 2021 10:41 am
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Why Is It Moving? Looking Into Why NIO's Stock is Trading Higher Today

The Price And Volume Action In NIO's Stock Today

NIO's (NYSE:NIO) stock is trading up 4.14% to a price of $60.9. The stock's volume is currently 38.92 million, which is roughly 29.13% of its recent 30-day volume average of 133.58 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 Nomura initiated coverage on the stock with a Buy rating and announced an $80.30 price target.

Further Analysis of Recent Price Action

The 50-day moving average price of NIO's stock was $49.51 when this article was published. The stock reached a high of $66.99 and a low of $2.11 in the past 52 weeks.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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