DD Global Just Sold Off More Canoo (GOEV) Stock
Source: shutterstock.com|rafapress Canoo (NASDAQ: GOEV ) stock is in the spotlight today following a significant sale from large shareholder DD Global. Canoo manufactures electric vehicles (EVs). The company also recently received a vehicle order from Walmart (NYSE: WMT ). Specifically, Walmart ordered 4,500 of the company’s Lifestyle Delivery Van (LDV) with an option to purchase an additional 10,000 units. Walmart expects to start using the LDV for deliveries next year. Currently, the company is in the process of refining the vehicle configuration. Like other Canoo vehicles, the LDV is built on the company’s proprietary multi-purpose platform (MPP) architecture. DD appears to have sold some of its GOEV stock before the company announced this Walmart delivery deal. Let’s get into the details. GOEV Stock: DD Global Sells Shares This month, DD Global disclosed that it had sold 4.43 million shares, reducing its existing position by 14%. Between July 18 and July 21, the firm filed two Form 4s detailing the sales.
DD Global Just Sold Off More Canoo (GOEV) Stock
Source: shutterstock.com|rafapress Canoo (NASDAQ: GOEV ) stock is in the spotlight today following a significant sale from large shareholder DD Global. Canoo manufactures electric vehicles (EVs). The company also recently received a vehicle order from Walmart (NYSE: WMT ). Specifically, Walmart ordered 4,500 of the company’s Lifestyle Delivery Van (LDV) with an option to purchase an additional 10,000 units. Walmart expects to start using the LDV for deliveries next year. Currently, the company is in the process of refining the vehicle configuration. Like other Canoo vehicles, the LDV is built on the company’s proprietary multi-purpose platform (MPP) architecture. DD appears to have sold some of its GOEV stock before the company announced this Walmart delivery deal. Let’s get into the details. GOEV Stock: DD Global Sells Shares This month, DD Global disclosed that it had sold 4.43 million shares, reducing its existing position by 14%. Between July 18 and July 21, the firm filed two Form 4s detailing the sales.