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NIO

NIO Inc.

$4.71

0.255 (5.73%)

11:50
04/17/19
04/17
11:50
04/17/19
11:50

Heavy trading in NIO continues as shares bounce

Heavy trading in NIO continues as shares bounce. The stock up 5.1% to $4.67 after closing at new lows Tuesday. Jan21 2 puts are most actives in the name, with some players paying 52 an 53c, including 10K for 53c with bid-ask 46 to 53c. 12.5K changed hands and longer-dated put buying is probably stock hedging, as the contract is struck 57% below spot with a -9 delta. 4.4K Jan 3 puts also opened today. May 5, May 6, and Apr 26th 5 calls are next most active. Total volume reflects mixed sentiment at 23K calls and 24K puts. 30-day implied volatility flat at 87, with earnings due early-May.

NIO NIO Inc.
$4.71

0.255 (5.73%)

04/04/19
SBSH
04/04/19
UPGRADE
Target $6.8
SBSH
Buy
NIO Inc. upgraded to Buy from Neutral at Citi
Citi analyst Jeff Chung upgraded NIO Inc. to Buy from Neutral while lowering his price target for the shares to $6.80 from $7.20.
04/04/19
BOFA
04/04/19
UPGRADE
Target $6.2
BOFA
Neutral
NIO Inc. upgraded to Neutral from Underperform at BofA/Merrill
BofA/Merrill analyst Ming Hsun Lee upgraded NIO Inc. to Neutral from Underperform with a price target of $6.20. The shares, after declining 47% from the peak in early March, have now factored in the company's lowered sales volume growth, Lee tells investors in a research note. The analyst views NIO's current valuation as fair and expects its volume sales to grow sequentially in Q2 relative to Q1. The company just launched a six-seater ES8, which should gain some popularity from consumers, says Lee. Further, NIO is arranging more test-drive events in more cities, which the analyst believes should help orders improve.
04/04/19
SBSH
04/04/19
UPGRADE
Target $6.8
SBSH
Buy
Citi upgrades NIO to Buy after 47% selloff since March peak
Citi analyst Jeff Chung upgraded NIO Inc. to Buy from Neutral while lowering his price target for the shares to $6.80 from $7.20. BofA/Merrill this morning also upgraded the shares to Neutral from Underperform. Chung is in part making a valuation call with the shares down 47% since the early-March peak. He also expects a valuation "re-rate" of China's electric vehicle sector. NIO's Q1 shipments beat consensus and ES6 deliveries, which start in early June, should be faster than consensus expects, Chung tells investors in a research note. The analyst also believes NIO's customer base is less price sensitive due to its premium brand positioning. Share of NIO are up 14c to $5.45 in premarket trading.
04/04/19
04/04/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Facebook (FB) upgraded to Buy from Neutral at Guggenheim with analyst Michael Morris saying investors will continue to gain comfort with the incremental financial risk created by Facebook's content and privacy concerns. 2. NIO Inc. (NIO) upgraded to Buy from Neutral at Citi and to Neutral from Underperform at BofA/Merrill. 3. Ingersoll-Rand (IR) upgraded to Buy from Neutral at BofA/Merrill with analyst Andrew Obin citing premium core and earnings growth. 4. EOG Resources (EOG) upgraded to Buy from Hold at Tudor Pickering. 5. Signature Bank (SBNY) upgraded to Overweight from Neutral at JPMorgan with analyst Steven Alexopoulos raising his price target for the shares to $150 from $133. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SCHW

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TKC

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FCCY

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$18.07

-0.14 (-0.77%)

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QUMU

Qumu

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FAT

Fat Brands

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HRTG

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  • 01

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COTY

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0.02 (0.18%)

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NTES

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-2.34 (-0.87%)

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09:10
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NDEKY

Nitto Denko

$0.00

(0.00%)

06:53
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06:53
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CURO

Curo Group

$10.96

0.16 (1.48%)

04:55
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  • 19

    Apr

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AON

Aon plc

$175.38

-0.14 (-0.08%)

, MMC

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$93.76

-0.62 (-0.66%)

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Willis Towers Watson

$177.37

0.45 (0.25%)

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  • 19

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ISRG

Intuitive Surgical

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UBER

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  • 05

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FIX

Comfort Systems USA

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  • 05

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NSANY

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$0.00

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