Bulletin
Investor Alert

Market Pulse Archives

Dec. 22, 2020, 8:53 a.m. EST

EV maker Canoo's stock set to surge under new ticker symbol 'GOEV'

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Tesla Inc. (TSLA)
  • X
    Nikola Corp. (NKLA)
  • X
    Workhorse Group Inc. (WKHS)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Canoo Holdings Ltd., a Los Angeles-based electric vehicle (EV) maker, said Tuesday it has completed its reverse merger with special purpose acquisition company (SPAC) Hennessy Capital Acquisition Corp., so its stock will now begin trading on the Nasdaq under the ticker symbol "GOEV." The stock is surging 12.9% in premarket trading. "This next chapter is a very important one for Canoo as we prepare to complete advanced testing of our innovative electric mobility platform and to bring our recently unveiled multi-purpose delivery vehicle to limited production in 2022, and to commercial production and rollout in 2023," said Canoo Executive Chairman Tony Aquila. The new EV stock's rally comes on a mixed day for other U.S.-based EV makers ahead of Tuesday's open, with shares of market leader Tesla Inc. /zigman2/quotes/203558040/composite TSLA -3.05% up 0.3%, Nikola Copr. /zigman2/quotes/208704275/composite NKLA -1.88% down 0.9% and Workhorse Group Inc. /zigman2/quotes/207314632/composite WKHS -3.98% up 2.0%. Meanwhile, futures /zigman2/quotes/209948968/delayed ES00 -0.36% for the S&P 500 /zigman2/quotes/210599714/realtime SPX -2.27% are up 0.2%.

/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 1,081.92
-34.08 -3.05%
Volume: 11.68M
Nov. 26, 2021 1:00p
P/E Ratio
350.32
Dividend Yield
N/A
Market Cap
$1086.53 billion
Rev. per Employee
$445,694
loading...
/zigman2/quotes/208704275/composite
US : U.S.: Nasdaq
$ 10.46
-0.20 -1.88%
Volume: 7.51M
Nov. 26, 2021 1:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.26 billion
Rev. per Employee
$211.11
loading...
/zigman2/quotes/207314632/composite
US : U.S.: Nasdaq
$ 5.79
-0.24 -3.98%
Volume: 4.66M
Nov. 26, 2021 1:00p
P/E Ratio
18.80
Dividend Yield
N/A
Market Cap
$903.16 million
Rev. per Employee
$10,712
loading...
/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 4,579.00
-16.75 -0.36%
Volume: 1.98M
Nov. 26, 2021 12:14p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,594.62
-106.84 -2.27%
Volume: 2.10B
Nov. 26, 2021 2:12p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.