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Canoo’s stock sinks toward a record low, even as Wedbush sees 1,800% rally potential

Por: MarketWatch Politics January 06, 2024

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Ives initiated coverage of Canoo’s stock with an outperform rating. His 12-month price target of $4 implies 1,788% upside from current levels in the next year. The stock slumped 0.7% in midday trading Friday, after closing Thursday at a record low of 21.3 cents. The stock’s decline reversed an earlier gain of as much as 12%. The stock has closed below the $1 level since Feb. 9, 2023. Canoo on Dec. 21, 2020, after completing a merger with .... + full article



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