Workhorse (WKHS) Stock Plunges 11% on 1-for-20 Reverse Stock Split

Workhorse (NASDAQ:WKHS) stock is a hot topic on Thursday after the technology company announced plans for a 1-for-20 reverse stock split. With that approval, 20 shares of WKHS stock will be consolidated into a single share when markets open on June 17. The shares will continue to trade under the same ticker after the reverse split. Workhorse is enacting this reverse stock split to boost the price of WKHS shares. It's doing this to regain compliance with listing requirements for the Nasdaq Exchange. Currentl ...