After being on a free fall for about two months, the NIO stock is now bullish. It has been on the rise for the last 4 days. The bullish momentum is expected to gather momentum following today’s announcement of the completion of the previously announced Repurchase Right Offer for its 4.50% Convertible Senior Notes due 2024 (CUSIP No. 62914VAB2; G6525FAA0).
It is interesting to note that the repurchase right expired without a single stakeholder exercising their repurchase right; meaning no notes were surrendered for repurchase.
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To help stock investors interested in investing in NIO stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
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What is NIO stock?
NIO stock is the stock of Nio Inc and it trades in the US on the New York Stock Exchange (NYSE) under the symbol NYSE: NIO.
NIO Inc. is a company geared towards premium smart electric vehicles. It was founded in November 2014 to create a joyful community starting with the manufacturing of smart electric vehicles.
NIO also offers technological breakthroughs and innovations like Battery as a Service (BaaS), Swapping technologies, and propriety autonomous driving technologies.
Should I buy NIO stock today?
If you want to invest in a rising stock, then the NIO stock could be a good choice.
Nonetheless, it is important to note that it is difficult to determine if the previous dip has been there since November 5. Therefore, you should invest wisely.
NIO stock price prediction
After dropping over the last two months, NIO stock is now rising and analysts are anticipating its price to hit $30 before the first quarter of 2022 ends.
$NIO stock social media coverage
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