Why Niu Technologies Stock Fell 10.8% Last Month
What happened
Shares of Niu Technologies(NASDAQ:NIU) dipped 10.8% in May, according to data from S&P Global Market Intelligence. Many small and mid-cap players in the electric vehicle (EV) space saw their valuations pull back last month, and the China-based electric scooter company participated in the sell-off.
NIU data by YCharts
Despite closing out the month with its share price down double digits, the stock did get a boost after Niu released its first quarter results. The company published its…
