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NIO +28% on day two of trading

Sep. 13, 2018 11:10 AM ETNIO Inc. (NIO) StockNIOBy: Clark Schultz, SA News Editor115 Comments
  • Shares of NIO (NYSE:NIO) pop 28% to $8.44 in a huge breakout from yesterday's trading range.
  • NIO almost hit double digits with a run to $9.77 before falling back a bit.
  • It's unclear what brought in the rush of buy orders today after trade concerns, yuan worries and NIO's lack of sales volume led to an underwhelming start to the IPO launch.
  • "We had actually a healthy book and then some orders got pulled or reduced because of market conditions,” NIO Chief Financial Officer Louis Hsi said in an interview.

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