Nio Inc – ADR (NYSE: NIO), one of the best performers year-to-date period, had a strong run in its share price this week.The Chinese electric vehicle manufacturer is on the cusp of capitalizing on a slew of initiatives it has undertaken to push vehicle sales higher and bring about cost discipline.Nio In The Fast Lane: Nio, which ended last Friday at $21.47, rose 1.8% Monday to end the session at $21.85.After pulling back about 1% Tuesday and settling at $21.62, the stock jumped 22.6% Wednesday thanks to upbeat commentary by JP Morgan analyst Nick Lai.Lai predicated much …read more
Source:: Yahoo Finance
