Canoo Signs Definitive Partnership Agreement for Saudi Arabia

(24/7 MARKET NEWS) – Canoo (NASDAQ: GOEV) reported, this morning, that it signed an exclusive agreement with GCC Olayan (General Contracting Company) a multi-national subsidiary of Olayan Saudi Holding Company (OSHCO), for sale, service, and distribution of Canoo fleet solutions in Saudi Arabia.

Canoo opened this morning’s trading at $1.40 and is now at $1.33, up $0.06 (+4.72%), on volume of 8.4 thousand shares traded.

Its 52-week range is $1.02 to $6.46. Its next key inflection points are $1.40 and this morning’s premarket high of $1.64. It’s an ugly chart, but, if can break through the $1.64 resistance level, on strong volume, it could try to challenge its August trading levels.

24/7 MARKET NEWS, INC Disclaimer

24/7 MARKET NEWS (“24/7 MN”) is dedicated to covering various underreported segments of the stock markets. Our goal is to help you to better understand these markets, but 24/7 MN is neither an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell stocks or other investment products. All opinions, news, research, analysis, prices or other information contained on, its press releases, or other services are provided for educational purposes only and do not constitute investment advice. You are solely responsible for the investment decisions you make.

Please go to or for further information.


Signup today for free and be the first to get notified of breaking news.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.


Sign up for Breaking Alerts, our newsletter putting timely and updated stock and crypto markets news into your hands.

Add New Playlist