NIO - Why Nio Shares Are Cratering Over 6% Premarket Today | Benzinga
Shares of Chinese electric vehicle startup Nio, Inc. (NYSE:NIO) slumped in premarket on Monday, as a host of factors weighed down.
In premarket trading, the stock fell 6.33% to $7.99, according to Benzinga Pro data.
Some of the weaknesses reflected the negative sentiment set in motion by a slide in Chinese property stocks in the Hong Kong and Chinese markets.
The property stocks reacted to Evergrande stating that it was not able to raise ...