
NIO Target of Unusually High Options Trading (NYSE:NIO)

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NIO Inc. (NYSE:NIO) experienced unusual options trading on Thursday, with investors purchasing 260,722 call options, an 83% increase from the average daily volume. The stock rose by $0.4750 to $5.5450, with a trading volume of 130,993,132 shares. NIO reported a quarterly loss of ($0.45) EPS, missing estimates, and had a revenue of $1.66 billion. Analysts have mixed ratings, with an average target price of $4.76. Institutional investors have increased their stakes in the company, which designs and sells electric vehicles in China.
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