Dear NIO Stock fans, mark your calendars for June 15th
- Nio (NIO) increases today before the launch of a new product.
- The company will hold an online event for this launch tomorrow.
- Many investors expect ES7 to be the big product launch tomorrow.
Nio (NYSE:NIO) the stock rises on Tuesday as investors brace for a potential catalyst that could boost the stock further tomorrow.
The big news that Nio stockholders are excited about is a product launch event taking place on Wednesday. The event will begin at 8:00 a.m. EST and will be available for live streaming from a few sources. This includes on the electric vehicle (EV) company’s website and YouTube channel.
Nio did not reveal what new product it will be showcasing. However, investors are already sharing their hopes and expectations for the EV company. It keeps them waiting the launch of the ES7as well as ES6, EC6 and ES8 2022.
Nio fans have been patiently waiting for the launch of ES7. The EV was originally supposed to be revealed in April. Unfortunately, the lockdowns of the Covid-19 pandemic prevented this from happening.
Today’s news comes with a decent amount of trading for NIO shares. As of this writing, over 67 million shares of NIO have changed hands. To put that into perspective, EV’s average daily trading volume is just over 74 million shares.
NIO stock is up 16.1% on Tuesday afternoon but is still down 44.5% year-to-date.
Investors looking for more stock market news for today will want to keep reading!
InvestorPlace is home to all the latest stock market coverage information traders need to know! For Tuesday, that includes investors who are still buying Coinbase (NASDAQ:PIECE OF MONEY) stock, when food prices will fall, as well as what Kaival Brands (NASDAQ:KAVL) rising stock. You can read all this news at the following links!
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As of the date of publication, William White had no position (directly or indirectly) in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publication guidelines.