Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Canoo Inc shares valued at $3,515 were sold by Ruiz Hector M. on Sep 17 ’24. At $1.05 per share, Ruiz Hector M. sold 3,348 shares. The insider’s holdings dropped to 178,165 shares worth approximately $0.28 million following the completion of this transaction.
Also, Ethridge Greg sold 4,849 shares, netting a total of over 5,091 in proceeds. Following the sale of shares at $1.05 each, the insider now holds 206,319 shares.
Before that, MURTHY RAMESH had sold 3,348 shares from its account. In a trade valued at $3,515, the SVP and CAO traded Canoo Inc shares for $1.05 each. Upon closing the transaction, the insider’s holdings decreased to 3,348 shares, worth approximately $0.28 million.
As published in a research note from Stifel on December 31, 2024, Canoo Inc [GOEV] has been rated down from a Buy to a Hold. Analysts at R. F. Lafferty downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid May. As of April 17, 2024, The Benchmark Company has initiated its “Buy” rating for GOEV. Earlier on January 05, 2024, Wedbush initiated its rating. Their recommendation was “an Outperform” for GOEV stock.
Analyzing GOEV Stock Performance
During the last five days, there has been a surge of approximately 17.91%. Over the course of the year, Canoo Inc shares have jumped approximately 12.06%. Shares of the company reached a 52-week high of $1.7900 on 01/15/25 and a 52-week low of $1.0400 on 01/13/25. A 50-day SMA is recorded $5.5346, while a 200-day SMA reached $29.7020. Nevertheless, trading volume fell to 6.71 million shares from 2.34 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 1.3633, which, if violated, would cause prices to drop to 1.1467. In the upper region, resistance lies at 1.7933. The next price resistance is at 2.0067. RSI (Relative Strength Index) is 30.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0198, which suggests the price will decrease in the coming days. Percent R is at 41.94%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
