Why Shares of Workhorse Group Dropped 11% in July
What happened
Climbing more than 470% higher through the first half of 2020, shares of electric vehicle (EV) manufacturer Workhorse Group (NASDAQ:WKHS) ran out of gas in July and sank 11%, according to data from S&P Global Market Intelligence. Besides some bearish views on the stock from Wall Street, investors’ enthusiasm tapered off last month as they sensed that the stock’s valuation had risen too high.
So what
The first note of concern from the Street came in early July when Michael S…
