Canoo Inc. (NYSE:GOEV – Get Rating) was the target of some unusual options trading activity on Tuesday. Stock traders bought 14,032 put options on the stock. This is an increase of 25% compared to the average volume of 11,241 put options.
Canoo Stock Performance
Shares of GOEV stock opened at $0.57 on Wednesday. The stock has a market capitalization of $268.36 million, a P/E ratio of -0.30 and a beta of 1.21. Canoo has a fifty-two week low of $0.50 and a fifty-two week high of $5.47. The company has a 50 day moving average price of $0.74 and a 200 day moving average price of $1.13.
Institutional Trading of Canoo
A number of institutional investors and hedge funds have recently modified their holdings of GOEV. Virtu Financial LLC bought a new position in shares of Canoo during the fourth quarter worth about $40,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Canoo during the fourth quarter worth about $141,000. Squarepoint Ops LLC bought a new position in shares of Canoo during the fourth quarter worth about $135,000. Legal & General Group Plc grew its holdings in shares of Canoo by 66.7% during the fourth quarter. Legal & General Group Plc now owns 71,738 shares of the company’s stock worth $88,000 after buying an additional 28,698 shares in the last quarter. Finally, Millennium Management LLC bought a new position in shares of Canoo during the fourth quarter worth about $368,000. 52.50% of the stock is currently owned by institutional investors.
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.
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