Will a 1-for-20 Reverse Split Save Workhorse (WKHS) Stock?
WKHSWorkhorse(WKHS) Investor Place·2024-06-17 22:29

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 3apiece.Sharesfell113 apiece. Shares fell 11% on June 13, when the reverse split was announced. Now, WKHS stock is down another 25% as of this writing to around 2.2o per share. All Work, No Horse Originally called AMP Electric Vehicles, Workhorse was founded in 2007 around the idea of converting gas- power ...