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June 18, 2020, 12:13 p.m. EDT

Nio's stock surges toward 15-month high on NYSE leading volume

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By Tomi Kilgore

Shares of Nio Inc. /zigman2/quotes/204905836/composite NIO -1.69% surged 3.0% in active midday trading Thursday, putting the China-based electric vehicle maker's stock on track to close at a 15-month high. Trading volume was 50.4 million shares, enough to make the stock the most actively traded on the NYSE. Helping provide support for the stock, ride-sharing company Lyft Inc. /zigman2/quotes/208999293/composite LYFT +3.35% said on Wednesday that every vehicle on its platform will be electric, or zero-emissions, by 2030. Shares of U.S.-based rival Tesla Inc. /zigman2/quotes/203558040/composite TSLA +0.62% rose 0.6% on Thursday, to trade 2.6% below the June 10 record close of $1,025.05, while Nio's stock was on track for the highest close since March 2019. Over the past three months, shares of both Nio (up 189.9%) and Tesla (up 176.4%) have nearly tripled, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.02% has gained 29.5%.

/zigman2/quotes/204905836/composite
US : U.S.: NYSE
$ 13.69
-0.23 -1.69%
Volume: 32.87M
Aug. 6, 2020 12:24p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$16.49 billion
Rev. per Employee
N/A
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/zigman2/quotes/208999293/composite
US : U.S.: Nasdaq
$ 31.93
+1.04 +3.35%
Volume: 2.74M
Aug. 6, 2020 12:24p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$9.48 billion
Rev. per Employee
$450,139
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/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 1,494.26
+9.24 +0.62%
Volume: 2.92M
Aug. 6, 2020 12:24p
P/E Ratio
775.51
Dividend Yield
N/A
Market Cap
$276.75 billion
Rev. per Employee
$439,627
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/zigman2/quotes/210599714/realtime
US : S&P US
3,328.48
+0.71 +0.02%
Volume: 1.12B
Aug. 6, 2020 12:24p
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