This year, NIO stock has traded positively. Whereas the stock fell 1.7% last week, it had risen 4.6% this week as of Thursday.
After the company released its solid December car delivery data on Thursday, its stock rose slightly, by 0.5%. Broader markets’ (XLY) mixed sentiments may have kept the company’s stock from moving further upward.
In the last few days, markets’ focus has been on the latest US-China trade talks. As of January 10, the S&P 500 and NASDAQ Composite had risen 3.6% and 5.3%, respectively, this month. Meanwhile, Chinese stocks NIO, Alibaba (BABA), and Baidu (BIDU) had risen 4.6%, 10.7%, and 6.1%, respectively, and US electric carmaker Tesla (TSLA) had risen 3.7%. Next, we’ll review NIO’s performance last year and its outlook for 2019.