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2.77
2.59%
+0.07
Why is Canoo Inc (GOEV) Stock down?
We've noticed a 6.90% decline in Canoo Inc (GOEV) stock during the 2024-04-25 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
09 Oct, 2023:
Canoo Inc Stock (GOEV) dropped by 7.83% from $0.4166 to $0.384 in the trading on Monday October 9, 2023. The reasons why stock GOEV down today includes:
- Cash runs dry: Canoo's options are running out as cash runs dry. And no production ramp to bring in free cash flow appears to be imminent.
- Investor sentiment: Increasing conflict in Israel is causing investors in the U.S. to flee to what they feel are "safe" assets, and money-losing electric vehicle companies don't fit that bill.
6.10%
1.92%
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