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Why Nio Stock Zoomed 23% This Week and Could Head Higher

Neha Chamaria, The Motley Fool
·3 min read
Why Nio Stock Zoomed 23% This Week and Could Head Higher

Nio (NYSE: NIO) is wrapping up a solid week, with shares of the electric vehicle (EV) manufacturer jumping 15% so far through 11:30 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. At its highest point during the week, Nio stock was up 23%. With billionaire investor stakes, analyst upgrades, a new listing, and a milestone in an international market, investors in Nio had every reason to feel excited about this week.

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