Shares of Nio Inc. NIO, -8.08% slid 5% in very active trading Thursday, to start the new year with a pullback after ending 2019 with a two-day surge of 66%. Trading volume topped 20 million shares, enough to make the stock the most actively traded by far on the NYSE. The China-based electric vehicle maker's stock soared the past two sessions after the company reported better-than-expected quarterly results and provided an upbeat outlook for the latest quarter. The stock has now run up 142% over the past three months, while shares of rival Tesla Inc. TSLA, +1.75% have climbed 74% and the S&P 500 SPX, +0.30% has gained 12%.
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January 02, 2020 at 09:49PM
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Nio's stock pulls back in very active trading - MarketWatch
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