Shares of Canoo, Inc. (NASDAQ: GOEV) jumped over 30% in the premarket session on Tuesday after the electric vehicle manufacturer announced a deal to supply 4,500 units of its delivery vans to retail giant Walmart, Inc.
The retailer will be the first to receive Canoo's Lifestyle Delivery Vehicle which is anticipated to begin hitting the road for Walmart deliveries in 2023.
BENTONVILLE, Ark., July 12, 2022 /PRNewswire/ --
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Ahead of a new trading week, investors may want to see Friday's market rally gather momentum. With earnings season approaching its last leg, retail earnings are expected to flow in thick and fast. The market may also take cues from a slew of Fed speeches scheduled for the week and the economic reports on industrial production and retail sales.