NIO Stock Slips Overnight: D.E. Shaw Dumps Over Half Its Stake, Loses Top-Holder Crown
Nio’s third-generation ES8 is expected to reach 140,000 cumulative deliveries this week. D.E. Shaw cut its Nio stake by 52.5%, selling 20.1 million shares during the second quarter. The firm’s stake has plunged 62.2% in six months, pushing it from Nio’s largest institutional holder to fourth. ES8 deliveries climbed 15% to 10,288 in July, while … Read more