Will a 1-for-20 Reverse Split Save Workhorse (WKHS) Stock?
Workhorse(WKHS) Investor Place·2024-06-17 14:29
Troubled electric vehicle (EV) company Workhorse (NASDAQ:WKHS) just held a 1-for-20 reverse stock split to maintain the Nasdaq's minimum bid price requirement. The reverse split brought the price of shares from 15 cents to $3 apiece. All Work, No Horse Since then, the company has become a manufacturer of electric vans. WKHS stock was hot during the EV excitement of 2020, as it sought a contract to build electric delivery vans for the U.S. Postal Service. At the time, I called WKHS a "bubble stock." Oshkosh ...