E said:
NIO below 40
I went heavy in NIO calls the past couple weeks
The alert I received this morning on $NIO.
MW Nio's stock drops as upsized share offering prices at a discount of more than 7%MarketWatch7:11 AM ET
Tomi Kilgore
Nio raises $2.65 billion as offering increases to 68 million ADS from 60 million ADS
Shares of Nio Inc. took another dive Monday, after the China-based electric vehicle maker's share offering, which was upsized by 13%, priced at a discount.
The company raised $2.65 billion as its offering of 68 million American depositary shares (ADS) priced at $39.00 per ADS, which is 7.1% below Friday's closing price of $41.98.
When Nio originally announced the share offering after last Thursday's closing bell, it said it was offering at least 60 million ADS.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11