NIO Stock Today: Shares Slip After Three-Day Rally as Profit Turnaround Faces First Test
NIO Inc.'s U.S. shares edged down 0.7% to $5.99 late Tuesday morning, giving back a portion of Monday’s 2.9% gain that had pushed the stock to $6.03 and marked a three-day streak. Over in Hong Kong, shares wrapped up 0.6% higher earlier. The pause is significant: last week's results have shifted the conversation about the Chinese EV maker. NIO turned in its first-ever quarterly profit, but shares are still hanging around 25% beneath their 52-week peak.