5 Most Active Stocks To Buy Now

2. NIO Inc. (NYSE:NIO)

Number of Hedge Fund Holders: 30

Volume as of May 11: 85.1 million

NIO Inc. (NYSE:NIO) is a manufacturer of smart electric vehicles from China, focusing its portfolio mainly on electric SUVs and smart electric sedans. NIO Inc. (NYSE:NIO) was one of the most active stocks on Wall Street, with a trading volume of 85.1 million on May 11. 

On May 2, NIO Inc. (NYSE:NIO) reported total April sales of 5,074 units, slipping 49% month-over-month and 29% year-over-year. Morgan Stanley analyst Tim Hsiao noted that NIO Inc. (NYSE:NIO)’s vehicle production and delivery were “severely affected” by supply chain tightness given COVID-19 lockdowns in China. The analyst said that investors will likely keep a close watch on the resumption progress after May holidays in China, keeping an Overweight rating and a $34 price target on NIO Inc. (NYSE:NIO) shares.

According to Insider Monkey’s data, NIO Inc. (NYSE:NIO) was found in the public stock portfolios of 30 hedge funds, with combined stakes of $813.6 million. Ray Dalio’s Bridgewater Associates is a significant shareholder of the company, with more than 3 million shares worth $97.20 million.