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Nio stock falls after shareholders file to sell off their stakes

Dow Jones2021-07-23

Share of Nio Inc. $(NIO)$ shed 3.52% in premarket trading Friday, after the China-based electric vehicle maker disclosed the offering of 1.68 million shares by selling stockholders.

In and S-1 filing with the Securities and Exchange Commission late Thursday, Quasar Energy Partners LLC, Philipp Brothers Fertilizer LLC and Little Brothers LLC are selling off their entire stakes in Nio, totaling 1,682,267 shares, representing 0.4% of the shares outstanding and valued at $77.5 million at Thursday's closing price of $46.07.

The company said it will not receive any proceeds from the offering.

The stock has lost 5.5% year to date, while shares of U.S.-based EV leader Tesla Inc. $(TSLA)$ have declined 8.0%, the iShares MSCI China ETF $(MCHI)$ has slipped 4.3% and the S&P 500 has gained 16.3%.

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Comment115

  • RIC
    ·2021-07-26
    finished toh
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  • ronlee
    ·2021-07-26
    How to report tiger app spreading fake news?
    Reply
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  • ronlee
    ·2021-07-26
    Wow this is fake news and tiger still dont want to delete it off
    Reply
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  • KLC
    ·2021-07-26
    Reply
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  • KLC
    ·2021-07-26
    Panic!
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  • replaygoh
    ·2021-07-26
    good
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  • ronlee
    ·2021-07-25
    https://youtu.be/M7cEWJZ2Xvs
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  • SLA
    ·2021-07-25
    Like and comments please
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  • Jeffljh
    ·2021-07-25
    Panic selling
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  • Linc0racle
    ·2021-07-24
    Bad bad
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  • IE71
    ·2021-07-24
    Is that a good price to buy NIO now?
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  • Chris68
    ·2021-07-24
    As an investor, I am looking beyond the horizon as selling 0.4% or 1.68m+ shares by shareholderswon’t make any impact to any companies who are developing and expanding. I told myself not to be panic selling if you knew the company is expanding and growing rapidly. Likewise, try to find out more details and take the opportunity to buy the dip, “Be greedy when others are fearful” learning with WB.Evidently, MarketWatch has incorrectly reported about Nio shareholders filing and indeed it was Nikola stock instead of NIO. So, what’s happening to those panic sellers who sold NIO stocks? Hopethey could buy back quickly during the dip. Like to share WB quotes:“Warren Buffett has a saying about the stock market and
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    • MayTan
      Agreed.
      2021-07-24
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    • Viboon
      ?
      2021-07-24
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  • NoHorseRun
    ·2021-07-24
    Hey , its Nikola not Nio right... get the facts right please
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    • Mundoo

      its false reporting by MW.....its so damn disgusting unethical act....

      2021-07-24
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  • ming22
    ·2021-07-24
    Let's us buy at cheaper price [得意] 
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  • AJR
    ·2021-07-24
    All china docks down
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  • ronlee
    ·2021-07-24
    Hi
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    • ronlee
      did tiger follow fake news?
      2021-07-25
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  • Et1502
    ·2021-07-24
    Oh No!!! Creating chaotic on a great Chinese EV company. The rest of the EVs and/or EVs related stock will dropped as well.
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  • Hayz
    ·2021-07-24
    Is this journalism?  Basic fact checks?  Biggest (news) joke of the day.  
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  • Gaga71
    ·2021-07-24
    There are sellers and there are wise investors like us that will buy them low!
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    • YinnMing
      Agreed
      2021-07-24
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  • SaveHK
    ·2021-07-24
    Good move before action taken against EV regarding the sensitivity of data...
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