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Should Investors Buy Canoo Stock on the Dip?

Canoo's progress in developing and producing electric vehicles has been slow.

By Parkev Tatevosian, CFA – Aug 18, 2023 at 5:30AM EST

Fool.com contributor Parkev Tatevosian reviews Canoo's (GOEV +15.38%) latest investor update and determines if the stock price dip is a buying opportunity.

*Stock prices used were the afternoon prices of Aug. 15, 2023. The video was published on Aug. 17, 2023.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Canoo Stock Quote
Canoo
OTC: GOEVQ
$0.01
(+15.38%)+$0.00

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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