The NIO Inc. ADR /zigman2/quotes/204905836/composite NIO +1.54% slid 3.18% to $38.41 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index /zigman2/quotes/210598365/realtime COMP +0.59% rising 0.45% to 15,993.71 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.56% falling 0.17% to 35,870.95. This was the ADR's second consecutive day of losses. NIO Inc. ADR closed $28.58 below its 52-week high ($66.99), which the company achieved on January 11th.
The ADR underperformed when compared to some of its competitors Thursday, as Tesla Inc. /zigman2/quotes/203558040/composite TSLA +1.75% rose 0.68% to $1,096.38, Toyota Motor Corp. ADR /zigman2/quotes/200537742/composite TM -0.32% fell 0.84% to $184.65, and Ferrari N.V. /zigman2/quotes/208128355/composite RACE -2.24% fell 0.18% to $265.80. Trading volume (42.1 M) eclipsed its 50-day average volume of 35.7 M.