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NIO Inc. ADR closed 45.27% below its 52-week high of $7.71, which the company reached on September 30th.

Deep-pocketed investors have adopted a bearish approach towards NIO NIO, and it's something market players shouldn't ignore.

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But today, Li's stock trades about 50% below that peak, at around $23 per share. The stock retreated as growth in the EV ...