Nio$NIO-1.4% denied a report that it was trying to raise more money from investors, but the stock is falling anyway. Overbought?

NIO Inc.
NIO
$7.38
-$0.11
-1.47%
Capital Structure
Market Cap
11.6B
Enterpr. Val.
91.3B
Valuation
P/E
-4.2
P/S
1.5
Dividends
Yield
-
Payout
-
I'm tacking on $8.4 :)
It's been pretty volatile the last few days for $NIO-1.4%, but the price is still holding around $8 on the chart. I don't know where it's going...
It's gone up quite a bit now :)
I was shopping on Friday... :)
I threw in a little something too :)