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Nio’s stock pulls back, after soaring about 15% the previous session

Nio's stock pulls back, after soaring about 15% the previous session

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Shares of Nio Inc. NIO, +14.76% pulled back 1.5% in premarket trading Friday, after soaring 14.8% the previous session, which was the biggest one-day gain since it rocketed 17.4% on March. 9. Thursday’s rally in the China-based electric vehicle maker’s stock occurred despite no releases or filings from the company, and followed a 3-day losing streak in which shed 6.5% to close Wednesday at $28.25, or just above the Dec. 20 14-month closing low of $28.16.

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