NASDAQ:WKHS   WORKHORSE GROUP INC
$WKHS- ARK is buying this dip because WKHS will likely contest the USPS contract decision, but also because it is solid company that is way oversold. I see this creeping back up in the upcoming weeks. Per ARK e-mail this past weekend: “ Workhorse ( WKHS ), a technology company that designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States, traded down 47% on Tuesday and then up 24% on Thursday. The sharp decline was in response to its loss of the U.S. Postal Service's ( USPS ) next generation delivery vehicle contract to Oshkosh . WKHS then appreciated on news that a Democrat in the House of Representatives is attempting to overrule the contract award to Oshkosh . ARK finds it odd that the USPS is not committing to a fully electric platform which, according to our research, will dominate truck production and sales in the next ten years. ”

Comments

Solid company?? The last time i checked, it was a few mouths ago, but the company has a few mouths of going bankrupt .
Reply
@dpers, Don't spread false info to support a short position.
+1 Reply
dpers trader335534
@trader335534, I don´t have a position in the company.
Reply
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