EV and Healthcare Stocks Experience Leadership Changes
TL;DR
Canoo and Mullen Automotive, two companies seeking to become major players in the EV industry, have seen their stock prices diverge, with Canoo trading 32% above its year-to-date low and Mullen Automotive trading just above its all-time low. Both companies have strong order books, but face financial challenges due to the need to invest more money to ramp up production and weak balance sheets. As a result, it may be difficult for their stocks to climb in 2023.
- Canoo and MULN stocks have diverged: Are these EV stocks safe? Invezz
- Cano Health names Solomon Trujillo new chairman, billionaire Barry Sternlicht targets board seats - South Florida Business Journal The Business Journals
- The EV Market Is Accelerating, but Canoo Stock Could Be Left Behind The Motley Fool
- Cano Health CEO Dr. Marlow Hernandez out as chairman Modern Healthcare
- View Full Coverage on Google News
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