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Benzinga
Benzinga
Business
Melanie Schaffer

Charting Nio Stock After Chinese Automaker's Q1 Earnings Print: What's Next?

NIO NYSE

Nio, Inc (NYSE:NIO) gapped down about 8% lower to start the trading session on Thursday after issuing guidance for the second quarter below analyst estimates.

Bulls came in and bought the dip, which caused the stock to rise up and almost completely fill that gap before falling back toward the opening price.

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