5 Things to Know About Canoo Stock
Electric vehicles (EVs) are an increasingly important part of the future when it comes to global transportation trends. However, you wouldn't guess that by looking at the stock performance of Canoo (NASDAQ: GOEV).
If you're an investor looking for bargain-basement stocks, this EV maker's low price might attract you to it. Here's five reasons you should tread carefully.
Canoo came public via a merger with a special purpose acquisition company (SPAC) in late 2020. While that may seem like a long time ago, it is important to put this transaction into context. At the time, SPACs were a hot investment topic and companies were coming public at a rapid clip via this route. SPACs aren't new, but they were not nearly as common before this period.
Source Fool.com
