The NIO Inc. ADR
slid 8.83% to $39.36 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index
falling 1.21% to 14,660.58 and Dow Jones Industrial Average
falling 0.24% to 35,058.52. This was the ADR’s fourth consecutive day of losses. NIO Inc. ADR closed $27.63 below its 52-week high ($66.99), which the company reached on January 11th.
The ADR underperformed when compared to some of its competitors Tuesday, as Tesla Inc.
fell 1.95% to $644.78, Toyota Motor Corp. ADR
fell 0.59% to $178.44, and Ferrari N.V.
fell 0.28% to $211.39. Trading volume (102.3 M) eclipsed its 50-day average volume of 60.0 M.