NIO Inc. (NYSE:NIO) shares are trading higher on Monday. The stock is up by more than 23% over the last month.
What To Know:
On Friday, JP Morgan analyst Nick Lai maintained coverage on NIO with a Neutral rating and raised the stock’s price target from $8.5 to $9.
NIO is moving higher on Monday on above-average trading volume. According to data from Benzinga Pro, more than 48 million shares have been traded in the session, compared to the stock’s 100-day average of 54.6 million shares.
NIO’s stock has gained nearly 40% over the last three months, but the stock remains over 40% lower over the last year.
NIO shares have gained attention from retail investors with the stock currently listed as a trending ticker on StockTwits and Yahoo! Finance.
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NIO Price Action: According to Benzinga Pro, NIO is trading 10.3% higher at $11.67 at the time of publication.
Image: Mohamed_hassan from Pixabay
