NIO Plunges 5.76% as $650M Volume Ranks 131st in U.S. Trading Amid EV Sector Volatility

NIO fell 5.76% on Sept. 26 with a trading volume of $650 million, ranking 131st among U.S.-listed stocks. The session reflected heightened volatility amid mixed market sentiment for the EV sector.

Analysts noted that the decline came despite a broader market rebound, as investors reassessed risk appetite following recent regulatory developments. Short-term technical indicators showed bearish momentum with the RSI dipping below 40, signaling potential oversold conditions.

Recent corporate updates remained limited to routine operational disclosures. The company's recent battery swapping network expansion plans and retail store openings were acknowledged but failed to generate immediate market enthusiasm. Institutional ownership patterns showed no significant changes in the latest reporting period.

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