Updated
Updated · MarketWatch · Apr 27Workhorse Group Inc. stock slips 4.49 percent and underperforms competitors
10 articles · Updated · MarketWatch · Apr 27
- Shares of Workhorse Group Inc. fell to $2.55 on Monday, closing 96.21% below its 52-week high of $67.32.
- The decline occurred during a mixed trading session, with the NASDAQ rising 0.20% and the Dow Jones falling 0.13%.
- Workhorse underperformed rivals as Tesla gained 0.63% and General Motors dipped 0.12%; trading volume was slightly below the 50-day average.
With sales up 550%, is Wall Street ignoring a major turnaround story at Workhorse? Does Workhorse’s struggle signal a coming consolidation for smaller EV truck manufacturers? Is Workhorse's new, cheaper electric van the key to capturing the competitive delivery market? How do 'penny stock' rules hinder Workhorse's ability to fund its ambitious growth plans? Can Workhorse deliver on its large Purolator order despite its severe financial instability?