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Why Did CMCSA, NIO, QXO Stocks Tumble To 52-Week Lows Today?
Stocktwits ·
Stocktwits reports: Comcast Corp. (CMCSA), Nio Inc. (NIO) and QXO Inc. (QXO) shares hit new 52-week lows Thursday as SpaceX’s spectrum deal raised competition fears, Nio faced slowing delivery growth, and Truist lowered its QXO price target due to a weak housing market and rising transportation costs. Nio and QXO stocks fell more than 3% and 1%, respectively, while Comcast stock pared losses and ended the session 1% higher. SpaceX Spectrum Deal Raises Competition Concerns Comcast stock…