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NIO hits higher gear in late spike

Published 10/09/2018, 04:15 PM
© Reuters.  NIO hits higher gear in late spike
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  • NIO (NYSE:NIO) closed the day up 22.5% and has tacked on another 4.7% in the AH session.
  • A disclosure by Baillie Gifford & Co. that it holds 85.3M (NYSE:MMM) shares (11.4% stake) has been the impetus for the buying action. Baillie is also a well-known investor in Tesla (NASDAQ:TSLA).
  • NIO is also seeing its first wave of analyst recommendations pour in from Wall Street this week.
  • Previously: NIO -4% as Wall Street analysts cautious on profit path (Oct. 8)
  • Previously: Wolfe Research positive on NIO (Oct. 9)
  • Now read: Tesla's Q3 Vehicle Safety Report Reality Check


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