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Why Canoo Stock Zoomed Ahead This Week

Eric Volkman, The Motley Fool
Updated ·2 min read
Why Canoo Stock Zoomed Ahead This Week

According to data compiled by S&P Global Market Intelligence, Canoo (NASDAQ: GOEV) stock was a winner this week, surging more than 28% higher over the period. Canoo certainly got the week off to a roaring start, announcing on Monday that it had signed a long-term lease with affiliated entity AFV Partners for a factory located in Oklahoma City. Canoo said it can support a wide range of vehicle-making functions including robotic assembly, and paint and body shops.

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