Canoo Inc’s recent filing unveils 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 $0.6 million.
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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 $0.6 million.
R. F. Lafferty downgraded its Canoo Inc [GOEV] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. Wedbush began covering GOEV with “an Outperform” recommendation on January 05, 2024. Stifel started covering the stock on September 16, 2022. It rated GOEV as “a Buy”.
Price Performance Review of GOEV
On Monday, Canoo Inc [NASDAQ:GOEV] saw its stock fall -6.67% to $2.10. Over the last five days, the stock has lost -14.63%. Canoo Inc shares have fallen nearly -64.50% since the year began. Nevertheless, the stocks have fallen -83.34% 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 $2.75, while 200 days put it at $5.63. A total of 5.17 million shares were traded, compared to the trading of 6.32 million shares in the previous session.
Levels Of Support And Resistance For GOEV Stock
The 24-hour chart illustrates a support level at 1.97, which if violated will result in even more drops to 1.85. On the upside, there is a resistance level at 2.30. A further resistance level may holdings at 2.50. The Relative Strength Index (RSI) on the 14-day chart is 37.46, 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 94.85%. Stochastics %K at 8.74% indicates the stock is a buying.
