$NIO stock keeps falling as EV sector needs charging:
NIO down yet again in Monday's premarket at $18.05, 3% lower.Nio stock was down again on Friday as the EV sector remains under increasing pressure from the overall bearish stock market. The sector saw losses from Tesla, Rivian and Nio, while Lucid managed to buck the trend and closed flat on Friday. Monday looks increasingly bearish with LCID, RIVN and NIO all indicating dropping over 1% on Monday, while Tesla is indicating a loss of 0.7%.
Possibly the most significant move last week was Rivian falling to new all-time lows and breaking $50. We hadNio Stock Forecast If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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