14:52 - 13.07.2022

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July 13, Fineko/abc.az. The shares of the American electric car manufacturer, startup Canoo, rose by 110%, or almost 2 times, to $5 per share.

ABC.AZ reports that prices subsequently stabilized somewhat and now amount to $3.63, which means an increase of 50%. 

The reason for the rise in price of Canoo shares on the NASDAQ stock exchange was the conclusion of a major contract with American retail giant Walmart. Under the agreement, Canoo will sell 4,500 electric vehicles to the retail network. Walmart will use these electric vehicles to deliver to groceries.