Workhorse Group (NASDAQ:WKHS) Sees Large Volume Increase

Share on StockTwits

Workhorse Group Inc (NASDAQ:WKHS) shares saw unusually-high trading volume on Wednesday . Approximately 9,240,167 shares traded hands during mid-day trading, an increase of 229% from the previous session’s volume of 2,805,768 shares.The stock last traded at $4.16 and had previously closed at $3.64.

WKHS has been the topic of a number of research analyst reports. BidaskClub raised Workhorse Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st. ValuEngine lowered Workhorse Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.

The stock has a 50 day simple moving average of $3.60 and a two-hundred day simple moving average of $1.89.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. boosted its stake in Workhorse Group by 2,077.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 50,510 shares of the company’s stock worth $148,000 after buying an additional 48,190 shares during the last quarter. First Manhattan Co. boosted its stake in Workhorse Group by 77.1% during the second quarter. First Manhattan Co. now owns 3,055,908 shares of the company’s stock worth $8,984,000 after buying an additional 1,330,108 shares during the last quarter. HBK Sorce Advisory LLC acquired a new position in Workhorse Group during the second quarter worth $76,000. Vanguard Group Inc. boosted its stake in Workhorse Group by 135.4% during the second quarter. Vanguard Group Inc. now owns 2,396,515 shares of the company’s stock worth $7,045,000 after buying an additional 1,378,428 shares during the last quarter. Finally, Tranquility Partners LLC acquired a new position in Workhorse Group during the second quarter worth $31,000. 14.63% of the stock is currently owned by institutional investors.

Workhorse Group Company Profile (NASDAQ:WKHS)

Workhorse Group Inc designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency.

Recommended Story: Marijuana Stocks Future Looks Bright

Receive News & Ratings for Workhorse Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workhorse Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

VANGUARD SCOTTS/VANGUARD RUSSELL 20  Shares Acquired by Wells Fargo & Company MN
VANGUARD SCOTTS/VANGUARD RUSSELL 20 Shares Acquired by Wells Fargo & Company MN
$1.41 EPS Expected for Burlington Stores Inc  This Quarter
$1.41 EPS Expected for Burlington Stores Inc This Quarter
$1.79 Billion in Sales Expected for Burlington Stores Inc  This Quarter
$1.79 Billion in Sales Expected for Burlington Stores Inc This Quarter
Public Employees Retirement System of Ohio Has $2.94 Million Holdings in Wyndham Destinations
Public Employees Retirement System of Ohio Has $2.94 Million Holdings in Wyndham Destinations
Public Employees Retirement System of Ohio Buys Shares of 34,182 Guardant Health Inc
Public Employees Retirement System of Ohio Buys Shares of 34,182 Guardant Health Inc
Public Employees Retirement System of Ohio Grows Position in Empire State Realty Trust Inc
Public Employees Retirement System of Ohio Grows Position in Empire State Realty Trust Inc


© 2006-2019 Ticker Report