NIO Ltd. (NIO) has been a hot stock in the past six months, as the Chinese EV maker has gone up ten-fold. Move over Elon Musk. We last checked in with NIO back on September 30 and thought the stock was finished on the upside after reaching our price target. Alas, NIO went on to double again.
More from Investing
Why don't more people embrace the ease and power of selling stocks? Why do they freeze and do nothing as losses build?
The hack stands to drive an uptick in corporate and government spending to protect both on-premise and cloud assets.
It doesn't take much time for stocks with strong momentum to reset and continue on their way.