Investing
Workhorse shares dip Tuesday as NASDAQ rises and Dow retreats
© Reuters.
NEW YORK – Workhorse Group Inc. experienced a decline in stock value during a volatile trading session Tuesday. Shares of the electric vehicle company fell by 0.61% to $0.41, halting a two-day winning streak amidst mixed performances across the automotive sector. The drop occurred even as the saw an ascent, contrasting with the slight pullback of the .
The company’s shares are currently trading well below their peak reached in early February. Notably, the trading volume for Workhorse was lower than average on this day, pointing to a quieter than usual activity for the stock.
This movement in Workhorse’s stock took place against a varied backdrop in the industry, with Tesla (NASDAQ:) Inc. witnessing gains and General Motors (NYSE:) experiencing losses during the same session.
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