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NIO (NYSE:NIO) stock down but not out

NIO stock has been trading down for over a week in the aftermath of a crash that killed a prominent Chinese entrepreneur. However, the stock has shown signs of recovery and is up on a day when Chinese stocks are garnering all the attention from Wall Street.

NIO Inc. (NIO) is NIO Inc. (China) is a holding company which engages in the design manufacture and sale of electric vehicles. Its products include the EP9 supercar and ES8 7-seater SUV. It provides users with home charging power express valet services and other power solutions including access to public charging access to power mobile charging trucks and battery swapping. It also offers other value-added services such as service package battery payment arrangement and vehicle financing and license plate registration.

The company was founded by Li Bin and Qin Li Hong in November 2014 and is headquartered in Jiading China. In the last trading session, NIO Inc. (NIO) opened at $39.24 and traded between the range of 38.63 – 39.61 . The stock currently has a 52 week range of 15.06 – 66.99 . More than 57,760,128 shares exchanged hands compared to an average volume of 56.89M and a market cap of over $59.89B.

Let’s take a look sneak peek into the company’s major share holders. 0.53% of Shares Held by All Insider, 36.48% of Shares Held by Institutions, 36.68% of Float Held by Institutions, 914 Number of Institutions Holding Shares.. Major share holders include Baillie Gifford and Company – 90,914,259, Blackrock Inc. – 58,437,080, Vanguard Group, Inc. (The) – 46,324,185, State Street Corporation – 25,868,642, Goldman Sachs Group, Inc. – 21,444,596..