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Why Shares of Canoo Are Rocketing Higher Today

Why Shares of Canoo Are Rocketing Higher Today

Through the close of yesterday's trading session, shares of Canoo (NASDAQ: GOEV) seemed to be on track end the week lower than they began. As of 2:12 p.m. ET, shares of Canoo are up 8.5%, having retreated from their earlier rise of 13.4%. After the market closed yesterday, Canoo announced that Ken Manget had been appointed chief financial officer, replacing Ramesh Murthy, who had served as the interim CFO.