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Shares of NIO Inc. — ADR (NYSE: NIO ) are trading lower Tuesday, hitting a new 52-week low as investor concern over equity dilution in its battery-swapping subsidiary offsets recent strong delivery metrics and a major strategic infrastructure partnership. Here’s what investors need to know. NIO stock is testing key sup
Reuters’ U.S. stocks-on-the-move roundup lists Royal Caribbean Cruises and Space Exploration Technologies among notable movers. The broader market fell, with the Dow, S&P 500 and Nasdaq all down by late morning EDT.
Shares are up 1.2% at $150.27 in morning trading. The company says its next-generation Starship rocket reached orbit for the first time with one engine down, in a bid to deploy its first batch of Starlink satellites.