NIO stock stays at $5 with eyes on June delivery numbers
NIO Inc traded a touch above $5 in U.S. hours on Tuesday. The stock barely moved, but traders are looking past the day-to-day tick, weighing the company against a June delivery bar that went higher after NIO put up strong May numbers. The stock finished the session at $5.09, up 4 cents, or 0.79%. It opened at $4.88, dipped to $4.87, then hit $5.18 before pulling back to settle about 4.5% above the low. Volume was 34.3 million shares, trailing the 65-day average of 37.73 million, so the bounce didn’t come on strong buying.