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Why Workhorse Group Dropped Again Wednesday
Workhorse Group (NASDAQ: WKHS) stock opened at $13.85, dropped to a low of $12.43 during the day and closed at $12.51, a one-day tumble of 9.61% on Wednesday. Shares in Workhorse, a maker of electric trucks, have been a favorite among retail investors and were as high as $17 last week. Workhorse, which lost out to Oshkosh Defense, a division of Oshkosh, on the contract to make the next-generation vehicles for the U.S. Postal Service, has lodged a formal complaint with the Federal Claims Court regarding the bid process.
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