Shares of NIO Inc. ADR NIO, -6.42% slipped 6.43% to $50.53 Monday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index COMP, -0.05% falling 0.06% to 12,198.74 and Dow Jones Industrial Average DJIA, -0.90% falling 0.91% to 29,638.64. The stock’s fall snapped a two-day winning streak. NIO Inc. ADR closed $6.67 below its 52-week high ($57.20), which the company achieved on November 24th.
The stock underperformed when compared to some of its competitors Monday, as Tesla Inc. TSLA, -3.10% fell 3.10% to $567.60, Toyota Motor Corp. ADR TM, -4.06% fell 4.07% to $134.46, and Ferrari N.V. RACE, -0.76% fell 0.77% to $211.11. Trading volume (177.3 M) eclipsed its 50-day average volume of 168.7 M.