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Why Shares of Niu Technologies Are Hitting the Brakes This Week

Scott Levine, The Motley Fool
·2-min read
Why Shares of Niu Technologies Are Hitting the Brakes This Week

In fact, when popular investors like Cathie Wood buy or sell stocks, it can motivate others to follow suit -- a dynamic that's playing out this week with electric scooter stock Niu Technologies (NASDAQ: NIU). From the end of last Friday's trading session, shares of Niu Technologies are down 13.6% through the market close on Thursday, according to data from S&P Global Market Intelligence. On Wednesday, the Ark Autonomous Technology & Robotics ETF trimmed its position in Niu Technologies, selling 446,845 shares, and yesterday the exchange-traded fund sold 256,008 shares.

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