NIO (NYSE: NIO) Shares Are in a Maelstrom as Citron Slaps a Sell Rating While the World’s Largest Hedge Fund Increases Its Bullish Stake in the Company
https://wccftech.com/nio-shares-are-in-a-maelstrom-as-citron-slaps-a-sell-rating-while-the-worlds-largest-hedge-fund-increases-its-bullish-stake-in-the-company/
NIO (NYSE:NIO), the Chinese EV manufacturer, has taken the wider finance world by storm on the back of its 1,000 percent-plus year-to-date gains. However, the stock now appears to be in the midst of a ferocious battle between the bulls and the bears.
Now firmly lodged in the bear camp, Citron published a new investment note on the 13th of November, recanting its previous ‘Buy’ rating for NIO. According to the analyst Andrew Left, NIO is now in uncharted territory:
NIO (NYSE: NIO) Shares Are in a Maelstrom as Citron Slaps a Sell Rating While the World’s Largest Hedge Fund Increases Its Bullish Stake in the Company
Nov 15, 2020, 3:19pm UTC
https://wccftech.com/nio-shares-are-in-a-maelstrom-as-citron-slaps-a-sell-rating-while-the-worlds-largest-hedge-fund-increases-its-bullish-stake-in-the-company/
> NIO (NYSE:NIO), the Chinese EV manufacturer, has taken the wider finance world by storm on the back of its 1,000 percent-plus year-to-date gains. However, the stock now appears to be in the midst of a ferocious battle between the bulls and the bears.
> Now firmly lodged in the bear camp, Citron published a new investment note on the 13th of November, recanting its previous ‘Buy’ rating for NIO. According to the analyst Andrew Left, NIO is now in uncharted territory: