The NIO Inc. ADR /zigman2/quotes/204905836/composite NIO -4.75% slid 1.47% to $41.42 Wednesday, 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 +0.02% rising 0.44% to 15,845.23 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.38% falling 0.03% to 35,804.38. The ADR's fall snapped a three-day winning streak. NIO Inc. ADR closed $25.57 below its 52-week high ($66.99), which the company achieved on January 11th.
The ADR underperformed when compared to some of its competitors Wednesday, as Tesla Inc. /zigman2/quotes/203558040/composite TSLA +2.07% rose 0.63% to $1,116.00, Toyota Motor Corp. ADR /zigman2/quotes/200537742/composite TM -1.44% fell 0.14% to $184.81, and Ferrari N.V. /zigman2/quotes/208128355/composite RACE -0.18% rose 0.51% to $268.33. Trading volume (33.4 M) remained 4.3 million below its 50-day average volume of 37.7 M.