Short squeeze? Workhorse Group stock again a retail trader plaything
No significant news supports struggling electric van maker’s share price gains 3 minutes read Shares in Workhorse Group fell Friday after a two-month runup led by retail investors who may be pushing the company as a meme stock hoping for a short squeeze. (Photo: Workhorse)
Until a reversal on Friday, the share price of Workhorse Group (NASDAQ: WKHS) had been skyrocketing, adding 59% to its value in the past two months.
Nothing is happening in the business to drive such appreciation. If anything, the clock is ticking before competitors in the electric delivery van space catch and overtake Workhorse, which struggles with myriad production issues.
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SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Workhorse Group Inc., of Class Action Lawsuit and Upcoming Deadline - WKHS
May 10, 2021 6:40 AM ET Legal Newswire POWERED BY LAW.COM
Pomerantz LLP announces that a class action lawsuit has been filed against Workhorse Group Inc. and certain of its officers. The class action, filed in the United States District Court for the Central District of California, and docketed under 21-cv-02207, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Workhorse securities between July 7, 2020 and February 23, 2021, inclusive (the Class Period ). Plaintiff seeks to recover compensable damages caused by Defendants violations of the federal securities laws under the Securities Exchange Act of 1934 (the Exchange Act ).