Workhorse Group stock soars 23.93% in favourable trading session

12 articles · Updated · MarketWatch · Apr 30

Shares closed at $2.90 on Thursday as Nasdaq rose 0.89% to 24,892.31 and the Dow gained 1.62% to 49,652.14.
The jump ended a three-day losing streak and outpaced rivals, with Tesla up 2.37% and General Motors rising 0.35%.
Trading volume reached 1.4 million shares, above the 50-day average of 104,857, though the stock remains 95.69% below its 52-week high of $67.32.

Down 95% from its peak, can Workhorse's new 100-van order finally signal a real turnaround for the struggling EV maker?

With legacy automakers shifting EV strategy, is a niche focus on commercial vans the key to surviving the market slowdown?