Canoo Inc. (NYSE:GOEV – Get Rating) CEO Tony Aquila bought 4,504,505 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were acquired at an average cost of $1.11 per share, with a total value of $5,000,000.55. Following the completion of the purchase, the chief executive officer now owns 55,737,160 shares in the company, valued at approximately $61,868,247.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Tony Aquila also recently made the following trade(s):
- On Tuesday, September 13th, Tony Aquila bought 200,000 shares of Canoo stock. The shares were acquired at an average cost of $2.58 per share, with a total value of $516,000.00.
Canoo Trading Up 2.4 %
NYSE:GOEV opened at $1.08 on Friday. Canoo Inc. has a 1-year low of $1.02 and a 1-year high of $13.35. The firm has a fifty day simple moving average of $1.56 and a 200 day simple moving average of $2.62. The stock has a market capitalization of $350.46 million, a PE ratio of -0.48 and a beta of 1.21.
Hedge Funds Weigh In On Canoo
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on GOEV. Stifel Nicolaus began coverage on shares of Canoo in a research note on Thursday, September 15th. They set a “buy” rating and a $4.00 price target for the company. R. F. Lafferty decreased their price target on shares of Canoo from $15.00 to $6.00 in a research note on Thursday, November 10th. Finally, Roth Capital cut shares of Canoo from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $7.00 to $3.50 in a research note on Tuesday, August 9th.
Canoo Company Profile
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.
- Get a free copy of the StockNews.com research report on Canoo (GOEV)
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