Will a 1-for-20 Reverse Split Save Workhorse (WKHS) Stock?
Workhorse(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 $3 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 HorseOriginally called AMP Electric Vehicles, Workhorse was founded in 2007 around the idea of converting gas-powered c ...