- The stock price of Canoo Inc (NASDAQ: GOEV) increased by 16.81% yesterday. This is why it happened.
The stock price of Canoo Inc (NASDAQ: GOEV) increased by 16.81% yesterday, going from a previous close of $9.46 to $11.05. Investors appear to be responding to a couple of catalysts.
Reddit Interest
Canoo recently gained more attention from retail investors who are active in the Reddit forum “Wall Street Bets.” Canoo has been cited as a short and long-term play by users on Reddit.
Air Purifying Climate Control
Yesterday morning, the company also shared details about its virus-killing cabin climate control with Air Purifying qualities. The Wellness Package also enhances interior air quality, attacks odors, and kills viruses instantly, including Covid-19, and will be pre-loaded in the Premium and Adventure packages of its Lifestyle Vehicle.
The Air Purifying system in Canoo’s LV Premium and Adventure combines UV-A and UV-C lights with a Titanium Dioxide coated filter for generating a photocatalytic process that breaks down pollutants and airborne particles on a molecular level. And the UV light chemically activates the filter which then captures gases, like odors, and tiny particles, like cigarette smoke, germs and viruses.
KEY QUOTE:
“Our air purifying technology is designed to keep cabin interiors odor and germ free. Built for families, ride hailing and road-trips our UV-light technology instantly kills viruses, improves air quality and provides peace of mind – that we could all use right now. Covid-19 changed the way we think about health – and we’re passing on that future proofing to our customers, and everyone that rides with them.”
— Tony Aquila, CEO and Executive Chairman at Canoo
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
