Why Nio Stock Is Exploding Ahead of Earnings
@nimbly:
What happened Nio(NIO7.45%)$NIO Inc.(NIO)$ stock bounced back sharply this morning and was surging as high as 8% as of 11:30 a.m. ET. A rival just made a huge growth move in the only international market Nio is targeting, but investors are placing big bets on Nio ahead of earnings and on speculation of the launch of a new car model in the coming weeks. So what Nio will report its fourth-quarter and full-year 2021 earnings on March 24 after market close. Thestock sank yesterdayafterDeutsche Bank analyst Edison Yu slashed his price target on Nio stock to $50 a share from $70 per share to factor in geopolitical and supply chain risks. Nio also faces thethreat of getting delistedfrom the U.S. stock exchange alongside other Chinese stocks. Yu also exp