Canoo Inc’s recently made public that its GENERAL COUNSEL, CORP SECY Ruiz Hector M. unloaded Company’s shares for reported $119.0 on Feb 07 ’24. In the deal valued at $0.16 per share,745 shares were sold. As a result of this transaction, Ruiz Hector M. now holds 283,355 shares worth roughly $0.7 million.
Then, MURTHY RAMESH sold 1,217 shares, generating $219 in total proceeds. Upon selling the shares at $0.18, the SVP and CAO now owns 283,669 shares.
Before that, Ruiz Hector M. sold 3,444 shares. Canoo Inc shares valued at $792 were divested by the GENERAL COUNSEL, CORP SECY at a price of $0.23 per share. As a result of the transaction, Ruiz Hector M. now holds 284,100 shares, worth roughly $0.7 million.
Wedbush initiated its Canoo Inc [GOEV] rating to an Outperform in a research note published on January 05, 2024; the price target was $4. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. ROTH Capital also remained covering GOEV and has increased its forecast on December 16, 2021 with a “Buy” recommendation from previously “Neutral” rating. H.C. Wainwright started covering the stock on September 07, 2021. It rated GOEV as “a Buy”.
Price Performance Review of GOEV
On Monday, Canoo Inc [NASDAQ:GOEV] saw its stock jump 3.33% to $2.48. Over the last five days, the stock has gained 2.90%. Canoo Inc shares have fallen nearly -58.08% since the year began. Nevertheless, the stocks have fallen -83.29% over the past one year. While a 52-week high of $19.50 was reached on 01/08/24, a 52-week low of $1.22 was recorded on 03/14/24. SMA at 50 days reached $2.82, while 200 days put it at $7.41. A total of 3.99 million shares were traded, compared to the trading of 3.65 million shares in the previous session.
Levels Of Support And Resistance For GOEV Stock
The 24-hour chart illustrates a support level at 2.27, which if violated will result in even more drops to 2.07. On the upside, there is a resistance level at 2.62. A further resistance level may holdings at 2.77. The Relative Strength Index (RSI) on the 14-day chart is 46.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.96%. Stochastics %K at 13.79% indicates the stock is a buying.
The most recent change occurred on April 20, 2021 when BofA Securities began covering the stock and recommended ‘”an Underperform”‘ rating .
