Shares of purpose-built electric-vehicle (EV) maker Canoo (NASDAQ: GOEV) spiked 15% Tuesday morning and remained up 12% as of 10:30 a.m. EST.
Canoo first began trading publicly late last month after merging with a special purpose acquisition company (SPAC).
After surging prior to the closing of the transaction, shares had been on a steady decline until today. Today's bounce comes after shares were called a buy by Jim Cramer on CNBC's Mad Money show last night.
Source Fool.com