NIO Inc. ADR falls Monday, underperforms market

NIO Inc. ADR falls Monday, underperforms market

The NIO Inc. ADR NIO, -7.92% shed 7.92% to $50.68 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.09% rising 0.09% to 31,521.69 and the NASDAQ Composite Index COMP, -2.46% falling 2.46% to 13,533.05. NIO Inc. ADR closed $16.31 below its 52-week high ($66.99), which the company reached on January 11th.

The ADR demonstrated a mixed performance when compared to some of its competitors Monday, as Tesla Inc. TSLA, -8.55% fell 8.55% to $714.50, Toyota Motor Corp. ADR TM, -0.72% fell 0.72% to $152.44, and Ferrari N.V. RACE, -0.79% fell 0.79% to $196.72. Trading volume (67.7 M) remained 38.5 million below its 50-day average volume of 106.1 M.

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