Streetbeat News

GOEV

Canoo Inc.

https://www.canoo.com

Industry

Auto - Manufacturers

Canoo Inc., a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. The company offers lifestyle delivery vehicles, lifestyle vehicles, multi-purpose delivery vehicles, and pickups. It also provides multi-purpose platform architecture is a self-contained, fully functional rolling chassis design to support various range of vehicle weight and ride profiles. The company serves to small businesses, independent contractors, tradespeople, utilities, and service technicians. Canoo Inc. was founded in 2017 and is headquartered in Torrance, California.

Open

0.41

Mkt cap

36M

Volume

5.3M

High

0.43

P/E Ratio

-0.07

52-wk high

8.81

Low

0.40

Div yield

N/A

52-wk low

0.37

The article lists the stocks that gained and lost the most in Monday's trading session. Some of the notable gainers include Yellow Corporation, which saw its shares jump 106% after ceasing operations, and Archer Aviation, which climbed 41.8% after entering into contracts with the US Air Force. On the other hand, Apellis Pharmaceuticals fell 18.8% after reporting its quarterly financial results, and Alset Capital Acquisition Corp. shares fell 27.9%.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 7:30 pm

Several US stocks recorded gains on Monday, with Archer Aviation, GoodRx Holdings, Fifth Wall Acquisition Corp., Xiao-I Corporation, Symbotic, SoFi Technologies, Nikola Corporation, Innoviz Technologies, Aurora Acquisition Corp., Canoo, 2U, Faraday Future Intelligent Electric, New Relic, Palantir Technologies, AMC Entertainment Holdings, BlackBerry, and Roku all seeing significant increases. Notable events include Archer Aviation's contracts with the US Air Force, GoodRx's upgrade by TD Cowen, Symbotic and SoFi's better-than-expected results, Nikola's agreement with J.B. Hunt Transport, New Relic's acquisition by Francisco Partners and TPG, and AMC's record admissions revenue.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 4:13 pm

The article lists the stocks that have gained and lost the most in Wednesday's mid-day session. Among the gainers, Biodexa Pharmaceuticals, SMX, Carvana, and Panbela Therapeutics saw significant increases due to various reasons such as patent allowances, better-than-expected sales, and asset divestitures. Among the losers, Sono Group, Amarin Corporation, Aqua Metals, and Aptevo Therapeutics saw significant decreases due to reasons such as delisting notices, organizational restructuring, and public offerings.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 5:34 pm

Several US stocks recorded gains, with Carvana Co. (NYSE:CVNA) shares climbing 32.3% after reporting better-than-expected Q2 sales and positive adj. EBITDA guidance for Q3. The company also entered into a distribution agreement with Citigroup and Moelis for an offering of up to $1 billion of class A common stock. Other notable gainers include Frontier Communications Parent, Inc. (NASDAQ:FYBR), Harrow Health, Inc. (NASDAQ:HROW), and AT&T Inc. (NYSE:T).

Portfolio Pulse from Lisa Levin

July 19, 2023 | 2:23 pm

Benzinga's options activity scanner has identified significant options activity in the Consumer Discretionary sector. Notable transactions include bullish call options for TSLA and GOEV, and bearish call options for F, RIVN, LI, and VZIO. Bearish put options were observed for HZO, CVNA, and DASH, while W saw bullish put options.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:35 pm

The week ending July 14 saw mixed performances in electric vehicle (EV) stocks. Tesla (TSLA) advanced amid expectations for its Q2 earnings. The company shared a photo of the first Cybertruck off the Giga Texas production line, suggesting deliveries may begin in late Q3. Tesla is also reportedly discussing the second phase of its Giga Berlin project and potential EV factory in India. Lucid Group (LCID) fell short on quarterly deliveries, raising doubts about its ability to scale. Rivian Automotive (RIVN) saw its stock rally stall after a record winning streak. Nikola Corp. (NKLA) saw a surge after announcing a deal to sell 50 hydrogen fuel cell energy trucks to BayoTech. Canoo (GOEV) delivered three Artemis crew transportation vehicles to NASA.

Portfolio Pulse from Shanthi Rexaline

July 15, 2023 | 1:35 pm

During Friday's intraday session, several consumer discretionary stocks experienced significant movements. Envirotech Vehicles, Chijet Motor Co, Canoo, Alliance Entertainment, Dogness (Intl), and China Liberal Education saw their stocks rise, with increases ranging from 8.45% to 27.1%. On the other hand, Leslies, Funko, RealReal, Vroom, JX Luxventure, and Esports Entertainment saw their stocks fall, with decreases ranging from 10.02% to 32.0%.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 5:37 pm

The article lists the stocks that gained and lost the most in Friday's mid-day session. Among the gainers, PainReform Ltd. (PRFX) shares climbed 103% after announcing pricing of a $2.7 million concurrent registered direct offering and private placement. Frequency Therapeutics, Inc. (FREQ) gained 41.7% after agreeing to merge with Korro Bio. Among the losers, Theseus Pharmaceuticals, Inc. (THRX) shares dipped 69.9% after discontinuing enrollment in Phase 1/2 study and terminating development of THE-630 for gastrointestinal stromal tumors. State Street Corporation (STT) fell 10.5% after reporting slightly worse-than-expected second-quarter revenues and an increase in total expenses.

Portfolio Pulse from Lisa Levin

July 14, 2023 | 4:54 pm

Several US stocks traded higher on Friday, with the Dow Jones gaining around 100 points. Notable gainers include Chijet Motor Company, Canoo Inc., TMC the metals company Inc., ACADIA Pharmaceuticals, Aehr Test Systems, Nikola Corporation, Organogenesis Holdings Inc., Arcturus Therapeutics Holdings Inc., Elanco Animal Health Incorporated, Shengfeng Development Limited, Intuitive Machines, Inc., Glaukos Corporation, and UnitedHealth Group Incorporated. The gains were driven by various factors such as breakthroughs in export models, acquisitions, better-than-expected results, agreements, and positive reviews.

Portfolio Pulse from Lisa Levin

July 14, 2023 | 2:48 pm

In Wednesday's pre-market session, several consumer discretionary stocks saw significant movement. Holley (HLLY), Domino's Pizza (DPZ), Barnes & Noble Education (BNED), Educational Development (EDUC), Canoo (GOEV), and Amesite (AMST) all saw increases, with HLLY leading the gainers at 13.2%. On the other hand, Unique Fabricating (UFAB), Kirkland's (KIRK), Jowell Global (JWEL), Mullen Automotive (MULN), Charles & Colvard (CTHR), and Lifetime Brands (LCUT) all experienced declines, with UFAB leading the losers at 7.9%.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 1:12 pm

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