Why EV Maker Canoo (NASDAQ: GOEV) Stock Jumped This Morning

Shares of Canoo, Inc. (NASDAQ: GOEV) jumped over 30% in the premarket session

Why EV Maker Canoo (NASDAQ: GOEV) Stock Jumped This Morning

Jul 12, 2022 - George Lucas

9:09 AM


blog post cover photo

Image credit: Michael Marais

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. (NASDAQ: WMT). The contract carries an option to supply up to 10,000.

Popular GOEV Forums Are Buzzing On The News

GOEV Average Daily Message Volume is 410

The GOEV Stocktwits forum is one of the most followed. The average daily message volume for the GOEV community is 410 posts per day. However, when there is a major event (and hype) the message volume usually doubles. The posting volume is decent and allows for fresh content to be consumed by their members constantly.

Daily GOEV Stocktwits Impressions Up to 1.27M

Impressions for GOEV Stocktwits are pretty significant and a good measure of how many people are seeing posts discussing Canoo Inc. This is one of the better social momentum and volume indicators.

The GOEV Stocktwits community is strong and its posting volume is enough to keep members engaged. Overall, I think this community can get very active when there is hype around their stock, especially when GOEV news is released. The quality of the content being posted is mixed but you can sometimes find decent insights and solid GOEV memes, which are a must for any investor.

GOEV Averages 320 Tweets and 3.53M Impressions in 24 hours

GOEV is currently averaging about 320 posts per day and a significant number of impressions, with 3.53M in the last 24hrs. Why is this important? Like it or not, Twitter is one of the best places for breaking information and news, especially on Fintwit, Tracking the latest chatter and spikes in impressions allows you to keep tabs on GOEV on Twitter. This is arguably one of the most important alternative data sources available to date.

Number of Influential GOEV Twitter Accounts

Here is the latest count of “whale” accounts that are discussing $GOEV. I'll touch on why this is important, but for now, here is a breakdown for the last 72hrs:

  • 60 somewhat large Twitter accounts 10,000+ followers,

  • 6 large Twitter accounts with 100k+ followers

  • 1 very large account with 500k+ followers

These accounts have been able to draw a lot of attention due to their existing following.

Overall, there is a very large amount of mentions (cashtags) for GOEV in the Twitterverse (also known as #fintwit), furthermore, these posts are able to reach a large audience, which helps generate interest, and are generally higher quality when compared to the GOEV Stocktwits posts.

GOEV Stocktwits and Twitter Trends and Insights

Based on this information we can see that Canoo Inc. is popular on Stocktwits and Twitter. There is strong social sentiment activity and trends on these forums and a large number of influential accounts discussing Canoo Inc. on Twitter.

Monitoring real-time GOEV Stocktwits and Twitter trends is difficult. Trying to parse through individual GOEV Tweets, threads, and post history might cause you to miss key insights. Utradea graphs real-time social momentum, sentiment, and other financial metrics for Canoo Inc. in one easy-to-use dashboard. Start using alternative investing data to your advantage and track the real-time Canoo Inc. trends with the Utradea Social Sentiment Dashboard.