A form 4 filing reflecting a significant purchase of shares by Canoo ( NASDAQ: GOEV ) CEO Tony Aquila pushed shares higher in Tuesday’s extended session.
Per a filing released after the close on Tuesday, Aquila acquired 200K shares at an average purchase price of about $3.99.
"These shares were purchased in multiple transactions at prices ranging from $3.62 to $4.23," the filing explained.
As of August 12, Aquila held 51.2M shares of Canoo ( GOEV ) common stock, making him the largest individual shareholder. Shares of the Arkansas-based EV company rose 13.38% shortly after the disclosure.
Read more on the company’s latest earnings results .
For further details see:
Canoo stock surges as CEO increases stake