The Postal Service had long spurned EVs over cost, but House Democrats are lining up behind a White House push to allocate $8 billion for new trucks, paving the way for a fully electric fleet.
Cathie Wood Is Losing Her Mojo: The Flagship ETF of ARK Invest Is Now Down Over 10% For the Year, While the S&P 500 Index Is up Over 12% In the Same Period May 6, 2021 07:46 EDT
Cathie Wood’s ARK Invest fund is in a maelstrom these days. After recording gains of nearly 150 percent in 2020, the fund’s flagship ARK Innovation ETF (ARKK) is now down over 10 percent so far this year. For reference, the benchmark S&P 500 index is up over 12 percent during the same period.
A decided shift in investor sentiment lies at the heart of this critical underperformance. The ARK Innovation ETF, like all other ETFs under the ARK Invest fund, is extremely growth-oriented. In fact, early growth companies constitute one of the biggest pies in the fund’s holdings. However, in the current equity environment, where everything is already priced to perfection, growth is no longer outperforming. Of course, rising inflation expectations – and the attendant increase in yields – are not improv
According to the lawsuit, defendants throughout the Class Period made misleading and/or false statements and/or failed to disclose that: (1) Workhorse was merely hoping that USPS would choose an electric vehicle as its Next Generation Delivery Vehicle, but had no indication or assurance from USPS that this was the case; (2) Workhorse had concealed the fact that electrifying the USPS’s entire fleet would be impractical and astronomically expensive which had been revealed by the postmaster general in explaining the ultimate decision not to select an electric vehicle; and (3) defendants’ statements about Workhorse’s prospects, business, and operations were materially misleading and false and/or lacked a reasonable basis at all relevant times, as a result. This lawsuit claims that investors suffered damages when the true details entered the market.
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NEW YORK, May 04, 2021 (GLOBE NEWSWIRE)
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Workhorse Group Inc. (NASDAQ:WKHS) between July 7, 2020 and February 23, 2021, inclusive (the Class Period ), of the important
May 7, 2021 lead plaintiff deadline.
SO WHAT: If you purchased Workhorse securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Workhorse class action, go http://www.rosenlegal.com/cases-register-2042.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court
Home / Top News / DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Workhorse Group, Inc. and Encourages Investors With Losses in Excess of $100,000 to Contact the Firm
DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Workhorse Group, Inc. and Encourages Investors With Losses in Excess of $100,000 to Contact the Firm
NEW YORK, May 04, 2021 (GLOBE NEWSWIRE) Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of investors that purchased Workhorse Group, Inc. (NASDAQ: WKHS) securities between July 7, 2020 and February 23, 2021, inclusive (the “Class Period”). Investors have until May 7, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.