The NIO Inc. ADR NIO, -7.61% slid 7.61% to $35.21 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.97% rising 0.97% to 31,802.44 and the NASDAQ Composite Index COMP, -2.41% falling 2.41% to 12,609.16. This was the ADR’s fifth consecutive day of losses. NIO Inc. ADR closed $31.78 short of its 52-week high ($66.99), which the company achieved on January 11th.
The ADR underperformed when compared to some of its competitors Monday, as Tesla Inc. TSLA, -5.84% fell 5.84% to $563.00, Toyota Motor Corp. ADR TM, -0.20% fell 0.20% to $148.23, and Ferrari N.V. RACE, -0.20% fell 0.20% to $188.52. Trading volume (141.4 M) eclipsed its 50-day average volume of 106.6 M.