Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Canoo Inc shares valued at $119 were sold by Ruiz Hector M. on Feb 07 ’24. At $0.16 per share, Ruiz Hector M. sold 745 shares. The insider’s holdings dropped to 283,355 shares worth approximately $0.85 million following the completion of this transaction.
Also, MURTHY RAMESH sold 1,217 shares, netting a total of over 219 in proceeds. Following the sale of shares at $0.18 each, the insider now holds 283,669 shares.
Before that, Ruiz Hector M. had sold 3,444 shares from its account. In a trade valued at $792, the GENERAL COUNSEL, CORP SECY traded Canoo Inc shares for $0.23 each. Upon closing the transaction, the insider’s holdings decreased to 3,444 shares, worth approximately $0.85 million.
As published in their initiating research note from The Benchmark Company on April 17, 2024, Canoo Inc [GOEV] has been a Buy and the price target has been revised to $5. Analysts at Wedbush started covering the stock with ‘”an Outperform”‘ outlook in a report released in early January. As of September 16, 2022, Stifel has initiated its “Buy” rating for GOEV. Earlier on December 16, 2021, ROTH Capital upgraded its rating. Their new recommendation was “a Buy” for GOEV stock which previously was a “a Neutral”.
Analyzing GOEV Stock Performance
During the last five days, there has been a surge of approximately 31.58%. Over the course of the year, Canoo Inc shares have dropped approximately -49.29%. Shares of the company reached a 52-week high of $7.08 on 01/08/24 and a 52-week low of $1.22 on 03/14/24. A 50-day SMA is recorded $2.77, while a 200-day SMA reached $7.28. Nevertheless, trading volume fell to 5.74 million shares from 14.69 million shares the previous day.
Support And Resistance Levels for Canoo Inc (GOEV)
According to the 24-hour chart, there is a support level at 2.87, which, if violated, would cause prices to drop to 2.74. In the upper region, resistance lies at 3.18. The next price resistance is at 3.36. RSI (Relative Strength Index) is 53.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 50.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of Canoo Inc (GOEV)?
On September 07, 2021, H.C. Wainwright assigned a price target of “a Buy” to the stock and initiated coverage with a $15.
