NIO Inc. ADR rises Friday, surpasses the market

The ADR
NIO,
+ 1.12%

advanced 1.12% to $ 55.04 Friday, on what turned out to be an all-round favorable trading session for the stock market, with the NASDAQ Composite Index
COMP,
+ 0.07%

rises 0.07% to 13,874.46 and the Dow Jones Industrial Average
DJIA,
+ 0.00%

rising 0.00% to 31,494.32. The rise in ADR resulted in a six-day loss streak. NIO Inc. ADR closed down $ 11.95 from its 52-week high ($ 66.99), which the company hit on Jan. 11.

The ADR outperformed some of its competitors on Friday as Tesla Inc.
TSLA,
-0.77%

fell 0.77% to $ 781.30, Toyota Motor Corp. ADR
TM,
+ 0.07%

rose 0.07% to $ 153.55, and Ferrari NV
RAS,
-0.58%

decreased 0.58% to $ 198.29. The trade volume (42.5 million) remained 65.1 million below the 50-day average volume of 107.6 million.

Editor’s Note: This story was automatically generated by Automated insights using data from Dow Jones and FactSet. See our terms of use for market data.

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