Why Did NIO Stock Rebound on Friday but Then Drop? – Motley Fool Over the last few days, shares of NIO (NYSE: NIO) have been drifting lower in line with other U.S.-listed Chinese firms. The stock rose more than 3% early Friday after the business held its Power Day 2021 event, but the gain was short-lived, and shares were trading 1.2 percent down than Thursday’s close at 11:15 a.m. EDT on Friday. The stock’s early gains are most likely due to the news, but there may still be overhang from investors concerned about the Chinese government’s crackdown on U.S.-listed companies./n
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