Stock Market Today, Jan. 29: Nio Advances as Autonomous EV Focus Lifts Shares

Nio (NYSE:NIO), an electric vehicle maker, closed Thursday at $4.77, up 3.92%. The stock moved higher after fresh coverage highlighted it as a “Best Autonomous Vehicle Stock” and reiterated a Buy rating with a $7 target. Investors are watching whether sentiment improves further despite volatile recent trading dynamics. The company’s trading volume reached 73.5 million shares, about 57% above its three-month average of 46.9 million shares. Nio IPO'd in 2018 and has fallen 28% since going public. How the ma ...