Why Canoo, Romeo Power, and Velodyne Lidar Are Surging Today
One, Velodyne Lidar (NASDAQ: VLDR), was rising on new developments in an activist shareholder's battle with company management; Romeo Power (NYSE: RMO) and Canoo (NASDAQ: GOEV), by contrast, were up sharply on no apparent news -- but they (and Velodyne) may have been undergoing short squeezes. Canoo was up by about 26.7%. Romeo Power was up by about 16.1%.