NIO Stock Rises Despite Broader Market Decline, Q2 Earnings Ahead
- NIO Inc. (NIO) closed higher despite market dip, up 0.13%
- NIO stock has lost 11.14% over past month, outpacing sector
- Earnings release will be closely watched by investors
- Estimates call for year-over-year declines in EPS and revenue growth
- Recent estimate revisions trending upward, a positive sign
- Zacks gives NIO a Sell ranking based on analysis
