Canoo Inc. (GOEV) News
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GOEV News Highlights
- GOEV's 30 day story count now stands at 10.
- Over the past 11 days, the trend for GOEV's stories per day has been choppy and unclear. It has oscillated between 1 and 4.
- NIO, AMC and CEI are the most mentioned tickers in articles about GOEV.
Latest GOEV News From Around the Web
Below are the latest news stories about Canoo Inc that investors may wish to consider to help them evaluate GOEV as an investment opportunity.
The beatdown in GOEV stock may be due to Canoo's troublesome bottom-line fiscal stats, but a turnaround could happen down the road.
Today, investors in various EV stocks are seeing tremendous buying pressure as investors bid up shares of electric vehicle stocks.
If Canoo hits a cash crunch before it starts making EVs, GOEV stock could fall from fear given its cash burn plans.
Electric vehicles (EV) manufacturer Canoo (GOEV) and AVL have joined hands to develop, test and validate Advanced Driver Assistance Systems (ADAS) software for Canoo's Lifestyle Vehicle. Shares of the company declined 2.6% in early trade on Friday. The technology ensures the safety of occupants by giving vehicle feedback to drivers and reducing distractions. As per the terms of the deal, Canoo will hold the ownership of the software to ensure security, safety, compliance and compatibility across vehicles, beginning with the Lifestyle Vehicle. The company said that the production of Canoo's Lifestyle Vehicle would begin in late 2022 and have Level 2 ADAS functionality at launch.
Canoo (Nasdaq: GOEV), a company manufacturing breakthrough electric vehicles (EVs), and AVL today announced a partnership to develop, test and validate Advanced Driver Assistance Systems (ADAS) software for Canoo's Lifestyle Vehicle.
In addition to the Securities and Exchange Commission charging two traders for wash trading GameStop and other meme stocks, “The Big Short” investor-turned-GameStop mega-bull Michael Burry tweeted — then deleted — an acknowledgment that he had been subpoenaed by the SEC as part of its investigation into January’s manic short squeeze on the stock. AMC Entertainment (AMC) had a rougher case of “The Mondays,” as the theater chain’s shares finished down to start the week, possibly due in part to Disney (DIS) Chief Executive Bob Chapek saying publicly on Friday that his company is no longer committing to exclusive theatrical releases after 2021. A big recent trend for retail investors has been playing in the shorted and ever-deeper pool of green-energy stocks.
Polestar stock neared a debut as the Swedish EV startup, a rival to Tesla, announced it will go public via a SPAC deal. Owned by Chinese auto giant Geely, Polestar will combine with Gores Guggenheim, a special purpose acquisition company or SPAC. The combined company will be named Polestar Automotive and will list on the Nasdaq under the ticker symbol PSNY.
Names in the electric vehicle sector sometimes move as a group, but three stocks that are doing their own thing today are Nio (NYSE: NIO), Nikola (NASDAQ: NKLA), and Canoo (NASDAQ: GOEV). As of 11:30 a.m. EDT, Nio shares were about 2% higher, while Nikola shares were up nearly 5%. Canoo's move makes sense.
Amid an unclear revenue generation path, mounting expenses, and high competition, Canoo (GOEV) seems to be a speculative stock. So, don't give in to the temptation of buying the stock amid the meme madness.
The Reddit crowd doesn't seem to have given up on GameStop (NYSE: GME) yet, but it seems to be paying more attention to other names it thinks it can drive into a short squeeze. In Friday trading, GameStop dipped, but electric vehicle start-up Canoo (NASDAQ: GOEV) and independent oil and natural gas company Camber Energy (NYSEMKT: CEI) are soaring, with chatter on the latter two names picking up on Reddit. GameStop had dropped 2.9%.