So I finally found the reason for yesterday's rise in Nio $NIO....-5.1% In a bid to revive its lagging economy, the National Development and Reform Commission (NDRC), the government agency responsible for economic development in China, has said it is keen to bring in private capital to help in the development of major projects across the country, including EV and infrastructure development.
NIO
NIOCapital Structure
Market Cap
8.0B
Enterpr. Val.
67.6B
Valuation
P/E
-2.6
P/S
1.1
Overall there was a decent rally on Nio this year, did anyone manage to buy in at around $7? Oh and besides, almost another +2% in the premarket today, hopefully it will hold up 🤝.
I'm a silent observer, somehow I'm not interested in the country of origin:) but otherwise I'm rooting for them
I'm still at an average price of around $19 unfortunately, and that position has already grown quite considerably, so I'm still waiting for my luck :-D
At $7 it could have been a good speculation on the bounce, but many were counting on the possibility of a $5 drop, so I waited and came away with nothing.