GUANGZHOU, China - Shares of the electric vehicle unit of Chinese property giant Evergrande surged as much as 67% on Monday after the company raised significant funding through a new share sale. China Evergrande New Energy Vehicle Group surged to an all-time-high of 50 Hong Kong dollars before paring some of those gains.
Shares of the largest electric-vehicle makers are still going up-even after epic 2020 gains and talk of bubbles forming. The continued rise of the EV-majors is boosting investor demand for all things EV-no matter the size of the company. Stock in Chinese EV maker (NIO) rose about 6% Friday after another analyst launched coverage with a Buy rating.
One of the most common questions traders have about stocks is "Why Is It Moving?". That's why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving. Here's why shares of Nio, Alibaba, Palantir and GameStop are moving.
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PRNewswireSouth Belfast MP Claire Hanna on Sunday night called on the Secretary of State to explain why the Northern Ireland Office (NIO) met representatives of proscribed paramilitary organisations about Brexit. er call came after it was revealed that NIO officials had met a delegation from the Loyalist Communities Council (LCC) .
Millennials still love Tesla ( TSLA) - it's their favorite S&P 500 stock - but they're actually making much more money on their five other top picks.
Investor's Business DailyThe Northern Ireland Office has defended meeting with an umbrella group representing loyalist paramilitary groups - reportedly over their mounting concerns regarding the impact of Brexit. It is reported that a hard hitting meeting took place last week between Northern Ireland Office (NIO) representatives met with the Loyalist Community Council (LCC) with regards to grassroots loyalist concerns about the impact of the Northern Ireland Protocol on British identity.
Belfast NewsletterNYSE Composite opens in less than one hour and NIO's pre-market value is already 3.26% up. The last session, NYSE Composite finished with NIO rising 6.19% to $61.95. NYSE Composite dropped 0.45% to $14,951.84, after two sequential sessions in a row of losses, on what was a somewhat negative trend exchanging session.
Via News AgencyUp more than 1,150% in the past year, Chinese electric-vehicle maker NIO (NIO) turned into one of the best-performing stocks of 2020 -- but one analyst thinks there are more gains to come.
Shanghai-based electric vehicle company Nio jumped more than 5% on Friday after Nomura became the latest Wall Street firm to issue a positive call on the stock. The firm initiated coverage on Nio with a buy rating, saying it's the "heir apparent in China's EV world" and noting the company's " Tesla-like top-down approach in launching its EV pipeline."
On CNBC's "Mad Money Lightning Round," Jim Cramer advised a viewer to buy Centene Corp (NYSE: CNC) instead of Clover Health Investments Corp (NASDAQ: CLOV). Cramer prefers Tesla Inc (NASDAQ: TSLA) over Nio Inc - ADR (NYSE: NIO). BioNano Genomics Inc (NASDAQ: BNGO) is up so much, said Cramer.
BenzingaLoyalists have held talks with the Northern Ireland Office (NIO) about the Irish Sea border and any threat it may represent to the Union. he 90-minute meeting was described as "forthright and hard-hitting", with four NIO officials told of the "anger on the streets" in loyalist areas.
24/7 Wall St. is looking at some big analyst calls that we have seen so far on Friday. We have included the most recent analyst call on each stock, as well as a recent trading history and the general consensus among analysts.
24/7 Wall St.Dallas, TX, based Investment company Adams Asset Advisors, LLC ( Current Portfolio) buys Grayscale Bitcoin Trust, NIO Inc, Rayonier Inc, Trinity Petroleum Trust, sells Occidental Petroleum Corp, California Resources Corp during the 3-months ended 2020Q4, according to the most recent filings of the investment company, Adams Asset Advisors, LLC.
GuruFocus.comNIO Inc. (NIO) closed at $58.34 in the latest trading session, marking a +1.09% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.03%. Meanwhile, the Dow lost 0.04%, and the Nasdaq, a tech-heavy index, added 0.55%. Coming into today, shares of the company had gained 22.76% in the past month.
The change of year and Administration hasn't popped the electric vehicle bubble. Nio (NYSE:) stock's 21% gain since the start of 2021 is proof. The Chinese government-backed alternative to Tesla (NASDAQ:) sports a market capitalization of about $90 billion on estimated revenue of under $2.5 billion.
InvestorPlaceClover Health Investments: "I'm going to send you from Clover Health right over to Centene because we like [CEO] Michael Neidorff. Very similar business." Nio: "Chinese electric vehicles, but you know what, I am in the Tesla camp and I'm not going." Bionano Genomics: "We've got to get this company on.
Futures are flat for tokenized versions of the NIO (NYSE: NIO) stock on FTX, but strong open interest signals a price run is coming
Stock futures unwound some of the week's gains early Friday, as earnings news and concerns about coronavirus clampdowns in Europe and China dragged on early trade. Advanced Micro Devices and Nio traded in buy ranges. Blank check outfit Climate Change Crisis spiked on news it would acquire charging station operator EVgo.
Investor's Business DailyNIO shares rose Friday after Nomura analyst Martin Heung began coverage of the Chinese electric vehicle company with a buy rating and an $80.30 price target, comparing the company favorably to market champ Tesla . Clearly investor mania for all things electric vehicle-related is raging on.
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