NIO Inc. (NIO) opened at $45.78 and traded between the range of 44.88 – 45.94. The stock currently has a 52-week range of 6.71 – 66.99. More than 70,836,601 shares exchanged hands compared to an average volume of 72.99M and a market cap of over $70.72B.
Let’s take a look sneak peek into the company’s major shareholders. 0.53% of Shares Held by All Insider, 35.49% of Shares Held by Institutions, 35.68% of Float Held by Institutions, 829 Number of Institutions Holding Shares. Major shareholders include Baillie Gifford and Company – 92,019,761, Blackrock Inc. – 62,612,159, Vanguard Group, Inc. (The) – 44,890,552, State Street Corporation – 25,484,086, Susquehanna International Group, LLP – 21,339,018.
Let’s dive into the technicals of the chart for NIO Inc. (NIO). NIO IncNIO Inc has a 50 day moving average of 39.78 and a 200 day moving average of 41.20. Considering the current pps, NIO stock is trading well above its 50 and 200 days MA suggesting the bull ride to continue.
For TSLA traders and investors looking for an alternative option, NIO is perhaps a better one. Looking at the market share for EV’s worldwide, China’s EV market makes up approximately 44% and is rapidly expanding. China is expected to see 51% EV growth this year alone, an absolutely speedy pace that is hard to ignore