NIO Inc. ADR Falls Thursday, Underperforms Market

Dow Jones2022-08-19

DJ NIO Inc. ADR Falls Thursday, Underperforms Market

This article was automatically generated by MarketWatch using technology from Automated Insights.

The NIO Inc. ADR $(NIO)$ slipped 0.85% to $19.91 Thursday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 0.21% to 12,965.34 and the Dow Jones Industrial Average rising 0.06% to 33,999.04. This was the ADR's third consecutive day of losses. NIO Inc. ADR closed $24.36 below its 52-week high ($44.27), which the company reached on November 8th.

The ADR demonstrated a mixed performance when compared to some of its competitors Thursday, as Tesla Inc. $(TSLA)$ fell 0.37% to $908.61, Toyota Motor Corp. ADR (7203.TO) fell 1.02% to $159.13, and Ferrari N.V. $(RACE)$ rose 0.47% to $212.37. Trading volume (21.6 M) remained 32.6 million below its 50-day average volume of 54.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled August 18, 2022.

$(END)$ Dow Jones Newswires

August 18, 2022 17:10 ET (21:10 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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