Why Canoo Shares Jumped Friday
Electric vehicle (EV) start-up Canoo (NASDAQ: GOEV) released its fourth-quarter and full-year 2022 results last night, and the stock popped more than 6% early Friday. As of 12:10 p.m. ET, Canoo shares lost some of that gain but were still up by 4.8%. The company highlighted that it fulfilled its first order in the fourth quarter.