The NIO Inc. ADR
slid 4.51% to $43.99 Friday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index
rising 1.04% to 14,836.99 and the Dow Jones Industrial Average
rising 0.68% to 35,061.55. This was the ADR’s second consecutive day of losses. NIO Inc. ADR closed $23.00 short of its 52-week high ($66.99), which the company achieved on January 11th.
The ADR underperformed when compared to some of its competitors Friday, as Tesla Inc.
fell 0.91% to $643.38, Toyota Motor Corp. ADR
rose 1.05% to $179.85, and Ferrari N.V.
rose 2.36% to $212.11. Trading volume (49.4 M) remained 13.8 million below its 50-day average volume of 63.3 M.