Walmart has signed a huge deal with Canoo and guess what the CEO buysmore shares at the $3.99 to $4.23 region.
Trust me, the bearish sentiment is going and Canoo (GOEV) will rally upwards.
A form 4 filing reflecting a significant purchase of shares by Canoo (NASDAQ:GOEV) CEO Tony Aquila pushed shares higher in Tuesday’s extended session.
Per a filing released after the close on Tuesday, Aquila acquired 200K shares at an average purchase price of about $3.99.
"These shares were purchased in multiple transactions at prices ranging from $3.62 to $4.23," the filing explained.
As of August 12, Aquila held 51.2M shares of Canoo (GOEV) common stock, making him the largest individual shareholder. Shares of the Arkansas-based EV company rose 13.38% shortly after the disclosure.
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