Shares of NIO Inc. (NYSE:NIO) rose sharply in today's pre-market.
Nio announced Sunday that strategic investors, including Hefei Jianheng New Energy Automobile Investment Fund Partnership, Anhui Provincial Emerging Industry Investment Co., Ltd. and CS Capital Co., Ltd., have agreed to invest an aggregate of 3.3 billion yuan ($470.64 million) in cash in its subsidiary Nio China. Nio has concurrently agreed to invest 10 billion yuan (about $1.43 billion) in cash to subscribe to the newly issued shares of Nio China.
nIO shares jumped 12.7% to $7.35 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
Gainers
- Zhongchao Inc. (NASDAQ:ZCMD) rose 54.6% to $2.04 in pre-market trading.
- Fangdd Network Group Ltd. (NASDAQ:DUO) shares rose 50.8% to $1.90 in pre-market trading after jumping around 18% on Friday.
- Kaixin Holdings (NASDAQ:KXIN) gained 44.9% to $0.1303 in pre-market trading after dipping over 15% on Friday.
- Garden Stage Limited (NASDAQ:GSIW) rose 27.2% to $1.54 in pre-market trading after gaining around 3% on Friday.
- Reliance Global Group, Inc. (NASDAQ:RELI) shares rose 27.2% to $2.79 in pre-market trading.
- Future FinTech Group Inc. (NASDAQ:FTFT) gained 23.8% to $0.4670 in pre-market trading after declining around 4% on Friday.
- MMTec, Inc. (NASDAQ:MTC) shares surged 21.3% to $0.4668 in pre-market trading after surging around 15% on Friday.
- Uxin Limited (NASDAQ:UXIN) shares gained 20.8% to $6.28 in pre-market trading after jumping around 84% on Friday.
- Dada Nexus Limited (NASDAQ:DADA) shares jumped 15% to $2.08 in pre-market trading after surging 13% on Friday.
Losers
- Ensysce Biosciences, Inc. (NASDAQ:ENSC) shares dipped 24.7% to $0.2168 in pre-market trading after receiving a notice from the Nasdaq.
- VS MEDIA Holdings Limited (NASDAQ:VSME) fell 20.4% to $0.78 in pre-market trading after dipping 19% on Friday.
- Verb Technology Company, Inc. (NASDAQ:VERB) shares fell 18.1% to $0.0440 in pre-market trading after gaining over 5% on Friday.
- CaliberCos Inc. (NASDAQ:CWD) fell 14.7% to $0.5322 in pre-market trading.
- Nano Labs Ltd (NASDAQ:NA) declined 12.9% to $0.8795 in pre-market trading after jumping 74% on Friday.
- Versus Systems Inc. (NASDAQ:VS) shares declined 12.4% to $1.06 in pre-market trading.
- Stellantis N.V. (NYSE:STLA) shares declined 11.6% to $14.20 in pre-market trading after the company updated its 2024 guidance. Stellantis said it now expects FY24 operating margin of 5.5%-7.0%, down from its prior double-digit growth expectations.
- Corvus Pharmaceuticals Inc (NASDAQ:CRVS) fell 11.6% to $4.55 in today's pre-market trading.
- Venus Concept Inc (NASDAQ:VERO) shares fell 10.4% to $0.62 in pre-market trading. Venus Concept shares jumped around 20% on Friday after the company announced a $15 million debt-to-equity exchange transaction.
- Applied Digital Corporation (NASDAQ:APLD) shares fell 8.3% to $7.51 in pre-market trading.
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