Canoo Inc’s recently made public that its GENERAL COUNSEL, CORP SECY Ruiz Hector M. unloaded Company’s shares for reported $3515.0 on Sep 17 ’24. In the deal valued at $1.05 per share,3,348 shares were sold. As a result of this transaction, Ruiz Hector M. now holds 178,165 shares worth roughly $0.23 million.
Then, Ethridge Greg sold 4,849 shares, generating $5,091 in total proceeds. Upon selling the shares at $1.05, the Chief Financial Officer now owns 206,319 shares.
Before that, MURTHY RAMESH sold 3,348 shares. Canoo Inc shares valued at $3,515 were divested by the SVP and CAO at a price of $1.05 per share. As a result of the transaction, MURTHY RAMESH now holds 178,099 shares, worth roughly $0.23 million.
Stifel 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 R. F. Lafferty’s analysts, who decreased its forecast for the stock in mid May from “a Buy” to “a Hold”. The Benchmark Company began covering GOEV with “Buy” recommendation on April 17, 2024. Wedbush started covering the stock on January 05, 2024. It rated GOEV as “an Outperform”.
Price Performance Review of GOEV
On Monday, Canoo Inc [NASDAQ:GOEV] saw its stock fall -5.93% to $1.27. Over the last five days, the stock has lost -17.53%. Canoo Inc shares have fallen nearly -9.93% since the year began. Nevertheless, the stocks have fallen -98.71% over the past one year. While a 52-week high of $141.68 was reached on 01/02/25, a 52-week low of $1.24 was recorded on 01/06/25. SMA at 50 days reached $7.4685, while 200 days put it at $31.9703.
Levels Of Support And Resistance For GOEV Stock
The 24-hour chart illustrates a support level at 1.2233, which if violated will result in even more drops to 1.1767. On the upside, there is a resistance level at 1.3333. A further resistance level may holdings at 1.3967. The Relative Strength Index (RSI) on the 14-day chart is 22.82, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.3648, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.60%. Stochastics %K at 2.83% indicates the stock is a buying.
How much short interest is there in Canoo Inc?
A steep rise in short interest was recorded in Canoo Inc stocks on 2024-12-13, growing by 0.17 million shares to a total of 0.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 0.48 million shares. There was a rise of 26.28%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 16, 2022 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $4 price target.
