(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.
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