Geometry Dash APK Hill Climb Racing APK
15.6 F
New York
Friday, January 21, 2022

Nio Inc (NYSE:NIO) Stock Hits 2-Week High As Analysts Turn Bullish

Must read

Humbl Inc (OTCMKTS:TSNPD) Bounces Back and Lands On The Radar

Over the course of the past months, Humbl Inc (OTCMKTS:TSNPD) stock has managed to record massive gains and much of that has...

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Looks to Maintain Critical Momentum

Stocks that make massive gains over a reasonable period of time cannot hope to maintain them forever. At some point, a correction...

Green Thumb Industries Inc (OTCMKTS:GTBIF) Trades Near All-Time High: What Next?

After having been in the dumps for more than a year, the cannabis sector has managed to make a remarkable comeback. Investors...

VIVO Cannabis Inc (OTCMKTS:VVCIF) Stock Turns Volatile: Uptrend in Jeopardy

Anyone watching the market knows the cannabis sector has been booming again. Since the start of the year, the cannabis sector has...

Nio Inc – ADR (NYSE: NIO), a Chinese electric vehicle manufacturer, had been in trouble for quite some time, but things seem to have improved for the embattled company in recent weeks. On Tuesday, the company’s shares rallied strongly due to indications that the demand for its electric vehicles is on the rise ahead of the announcement of its quarterly results next week.

Major Trigger

The NIO stock rallied by as much as 15% this week from the closing price on Friday, and it is likely that the stock is going to be in focus among investors today. The coronavirus crisis seems to be easing in China, and due to that, the demand for electric vehicles is on the rise.

According to a report from the publication China Daily, the Chief Executive Officer of the company William Bin Li conducted a live stream last week, and it proved to be a success for NIO. It helped in generating as many as 320 new orders and 5288 test drive bookings. The total sales touched as much as $21 million in a day. It is, without a doubt, a significant development for NIO and further adds to the positivity. Last month the company had managed to raise long term funding, and that had proven to be a major positive for the NIO stock.

However, one of the biggest reasons behind the resurgence in the stock price remains the fact that NIO managed to raise $1 billion in funding after having gone through a massive liquidity crunch. Due to the massive cash burn at the company, there had been fears that the company was going to soon run out of cash.

The new deal will see NIO move its main assets as well as businesses into a new entity and then hand over as much as 24.1% equity in that entity to its new investors. That new entity is going to be known as NIO China. Sign Up below for breakout alerts for $NIO and other fast-moving small caps.

Latest article

iQSTEL Inc (OTCMKTS:IQST) Stock Makes a Big Move: Jumps 45% In a Week

In the past week, iQSTEL Inc (OTCMKTS: IQST) has emerged as a point of focus among a large number of investors and...

HUMBL Inc (OTCMKTS:HMBL) Stock Sees Big Bounce After Recent Slump

Since the beginning of 2021, HUMBL Inc (OTCMKTS:HMBL) had been one of the major movers from among penny stocks and had come into...

Dividend Stocks to Buy Now

A classic mistake that investors make when looking for dividend stocks is to just go for the biggest dividend yield. It makes...

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service