Why Nio Stock Rallied Monday
Key Points Nio is setting itself up to help withstand growing competition. One Wall Street analyst thinks a recent capital raise was a smart move. Nio issued new shares after a sharp run-up in the stock. 10 stocks we like better than Nio ›
``````Nio (NYSE: NIO) stock jumped today, after one Wall Street analyst boosted his price target on the China-based electric vehicle (EV) maker. It also comes about one week after Nio announced it was raising $1 billion in fresh capital.
Nio shares s ...