Canoo (GOEV) Stock Falls 5% as DD Global Sells Shares One of the more impressive movers in the market this week has been Canoo (NASDAQ: GOEV ). After yesterday’s rally tied to short squeeze interest in this electric vehicle (EV) maker, shares of GOEV stock have dropped approximately 4% today, giving up most of those gains. This move comes following a report that Canoo’s 10% owner DD Global has offloaded part of its stake . Now, this sale of a little more than 1.8 million shares at a price between $4 and $4.18 per share is significant. After all, DD Global netted approximately $7.4 million from the transaction. However, compared to the total ownership of GOEV stock by corporations (around 30 million shares), it’s a relatively small amount. Accordingly, perhaps today’s relatively muted move makes sense. That said, insider buying and selling activity is important for investors to watch. Let’s dive into what this share sale means for investors. What to Make of GOEV Stock Following Share Sale Buying and selling activity from early investors, or those who know a given company well, can often be a helpful gauge for investors considering whether a particular moment in time is a great time to jump into a given stock.