5 Trending Stocks to Watch on Monday

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In this article, we take a look at five stocks that are trending today. If you want to take a look at some more stocks that are trending and the latest market situation, go to 10 Trending Stocks to Watch on Monday.

5. Nio Inc. (NYSE:NIO) crashed 6.08% as of 10:59 AM ET after the Chinese EV company hosted the auto technology seminar. Following the conference, Vijay Rakesh at Mizuho highlighted that despite the improvement in the supply chain, Nio Inc.’s (NYSE:NIO) production levels will not recover to the pre-lockdown levels until June. However, the analyst reiterated a Buy rating on Nio Inc. (NYSE:NIO) stock with a price target of $60. Rakesh also added that the company intends to launch Nio Pilot+ self-driving in the next few months and has priced it at a 40% to 50% discount from Tesla.

Overall, Nio Inc. (NYSE:NIO) was held by 30 hedge funds as of Q4 2021.

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