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Why Nio and Nikola Stocks Are Higher Today, but Canoo Is Sinking

·3 min read
Why Nio and Nikola Stocks Are Higher Today, but Canoo Is Sinking
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Names in the electric vehicle sector sometimes move as a group, but three stocks that are doing their own thing today are Nio (NYSE: NIO), Nikola (NASDAQ: NKLA), and Canoo (NASDAQ: GOEV). As of 11:30 a.m. EDT, Nio shares were about 2% higher, while Nikola shares were up nearly 5%. Canoo's move makes sense.