DJ NIO Inc. ADR Falls Friday, Underperforms Market
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The NIO Inc. ADR $(NIO)$ shed 0.36% to $5.57 Friday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 1.99% to 16,156.33 and the Dow Jones Industrial Average rising 1.18% to 38,675.68.
The ADR's fall snapped a five-day winning streak.
NIO Inc. ADR closed $10.61 short of its 52-week high ($16.18), which the company reached on August 4th.
Trading volume (54.5 M) remained 1.9 million below its 50-day average volume of 56.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 3, 2024.
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(END) Dow Jones Newswires
May 03, 2024 17:31 ET (21:31 GMT)
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