NIO Shares Plunge 6.24% Amid $880M Volume Spike Ranking 126th in U.S. Equities

On September 22, 2025, , ranking 126th among U.S. equities by daily turnover. The drop came amid mixed signals from corporate developments and market positioning shifts.

Recent investor sentiment appears influenced by strategic recalibration in the EV sector. While the company announced expanded battery-swapping infrastructure in key markets, analysts noted limited near-term revenue visibility from these initiatives. Institutional trading patterns also showed reduced short-term positioning, with several large orders exiting during the afternoon session.

Market participants highlighted structural challenges in capital efficiency, as the stock's volume spike failed to translate into price stability. , suggesting heightened bearish positioning among retail investors. This contrasts with earlier months when call options dominated the options chain.

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