Workhorse Rebounds After Nasdaq Scare, Stock Up 15%

Workhorse Rebounds After Nasdaq Scare, Stock Up 15%

Workhorse Group, Inc. (NASDAQ:WKHS), a technology company specializing in electric vehicles and drone technology for last-mile delivery, is currently experiencing significant volatility in its stock price. On Wednesday, the stock traded close to three times its 50-day moving average of $1.07. This…

Shares of EV Startup Workhorse Soar 270% in 5 Sessions

Shares of troubled electric vehicle maker Workhorse jumped as much as 43% in early trading on Wednesday, reaching $3.81 and extending their five-session rally to over 270%. The rally comes despite persistent financial strain and a sharp decline in revenue. In its first-quarter results, reported in mid-May, Workhorse posted a net loss of $20.6 million on just $640,922 in revenue — down nearly 52% from the prior-year quarter. The decline was attri…