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

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

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.