NIO Stock Rises 1.5% But Continues to Lag Broader Market Despite Upcoming Earnings
• NIO Inc. (NIO) stock rose 1.5% and outperformed the broader market • NIO stock has lagged the sector and S&P 500 over the past month • NIO's upcoming earnings estimate projects a loss per share of $0.51 • Revenue is expected to decline 1.86% compared to last year • Positive changes in analyst estimates for NIO associate with stock price rises