Shares of Nio $NIO+5.4% are down more than 5% in premarket trading after the company announced a proposed offering of $500 million aggregate principal amount of convertible senior notes due 2029 and $500 million aggregate principal amount of convertible senior notes due 2030.

NIO

NIO

NIO
$4.88 $0.25 +5.40%
Capital Structure
Market Cap
8.8B
Enterpr. Val.
73.2B
Valuation
P/E
-2.8
P/S
1.2

Isn't the market's reaction a bit overdone? -17.14% is quite a hit.

If the price is above $7 I'm still bullish no less I'll definitely take advantage of this drop and pull back a little bit with the understanding that if we go further down but don't exceed $7 I'll keep buying.

The movement has calmed down a bit, but the chart will probably show it after the open. I think it's going to be pretty volatile. That $10 price is key for a lot of investors.

Investors misinterpret this - I read about share dilution everywhere. That's probably why there is such a negative reaction.

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