2023-06-30 09:09:50 ET
Nio (NYSE: NIO) shares had another positive week continuing the momentum seen this month. For the final week of June, Nio's American depositary shares were higher by about 11% as of Friday morning, according to data provided by S&P Global market Intelligence .
That brings June's gains to nearly 25%.
Investors may be anticipating good news when the Chinese electric vehicle (EV) maker reports its monthly deliveries over this upcoming weekend. Nio's vehicle deliveries have shown a decline over the past four straight months, so investors seem to be expecting an end to that trend.
For further details see:
Why Nio Shares Are Jumping This Week