Canoo stock bounces off record low after order for 9,300 EV and option to double the order, from Kingbee

Shares of Canoo Inc.
GOEV,
+17.83%
bounced 10.9% in premarket trading, off the previous session’s record-low close, after the California-based electric vehicle maker said it received an order for 9,300 EVs from work van rental company Kingbee. The order includes an option to double the order to 18,600 EVs. Financial terms of the order were not disclosed. Kingbee will upfit and deliver the Canoo LDV vehicles to its small- and medium-sized businesses. Canoo’s stock has plummeted 69.9% over the past three months through Friday, while the S&P 500
SPX,
+2.53%
has slipped 7.3%.