r/nio
Citadel Lifts Nio Stake to Record for Third Straight Quarter by 40.3% closing the quarter with 13.2 million shares
Hedge fund Citadel increased its NIO stake by 40.3% to a record 13.2 million shares for the third consecutive quarter.
- Citadel significantly increased its stake in NIO by 40.3%.
- Institutional buying has continued for three consecutive quarters, reaching a record high.
Well this is bullish - I feel like institutional folks have had some upfront data ahead of tomorrow’s earnings call
Or perhaps it's the optimism of the 2 week early ER? Either way, I picked up 500 more shares today. Was going to do 1k, but if it does drop tomorrow, I'll grab more.
Is this for shorting?
Buying from Citadel is not bullish at all especially those mf are the ones shorting the stock b
All these institutions buying more and yet SP didn’t increase.
Once they all have their positions they will then take it to the moon. Most bag holders will get out early after breakeven or alittle profit and it will keep going then FOMO will get all non believers jump in too then a time will come when big money will leave and let new bag holders continue and the cycle goes on. Speaking as a bag holder of 6 years. Its all manipulation and bias against Chinese companies. Future however is theirs in EVs and partnerships will keep American automakers alive. When exactly we don’t know