NIO (NIO) Stock Plunges 18% In 5 Days: Of What Details You Should Be Aware Of?

The graph of the stock for the last month is distinguished by its very high volatility. The highest price of the stock was $47.17 on July 21 and the lowest one was $38.91 on July 27. Besides these two extremes, the stock was trading at $44.08 which is also accompanied with the high volatility as well. The market capitalization of the company is $67.228 billion.
NIO is one of the stocks that has both of the attentions, retail and institutional. The document, 13-F that is filled by Canada’s biggest pension funds Friday have illustrated that it has invested to the company. As it was reported, the shares of the Canada’s Public Sector Pension has grew from 192,337 shares till 270,274 shares.

In terms of value, the stake of the fund jumped from $7.5 million till $14.4 million. The company is producing the premium electric vehicles and considered one of the leading companies. Despite of the problems with the shortage of chip, the company mostly delivering about the growth of the sales.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.