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Updated · MarketWatch · May 1Workhorse Group stock climbs 12.07% and outperforms competitors
11 articles · Updated · MarketWatch · May 1
- The shares closed at $3.25 on Friday, marking a second straight gain, as the Nasdaq rose 0.89% and the Dow fell 0.31%.
- Workhorse beat rivals including Tesla, up 2.41% to $390.82, and General Motors, down 1.46% to $75.77, while trading volume reached 666,444 shares.
- Despite the rally, the stock remains 95.17% below its 52-week high of $67.32 reached on 11 July, though volume topped its 50-day average of 131,462.
With federal credits gone, how will Workhorse bridge the gap to its ambitious $21 stock target? Can Workhorse thrive while the broader EV industry faces a major downturn and policy hurdles?