What's Going On With Workhorse Shares Monday?

Worhorse Group Inc. (NASDAQ:WKHS) shares were trading higher but have since reversed and begun trading lower after the company’s previously announced 1-for-12 reverse stock split went into effect.What To Know: The reverse split took effect at Monday's market open, and the stock began trading on a split-adjusted basis. Stockholders approved the move on Nov. 25, authorizing the board to enact a reverse split at a ratio between 1-for-8 and 1-for-12.The board implemented a 1-for-12 ratio, reducing outstanding s ...