Published on 21 Jan 2022 on Market Watch
Workhorse Group Inc. stock falls Friday, underperforms market
Shares of Workhorse Group Inc. slid 7.19% to $3.10 Friday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 2.72% to 13,768.92 and Dow Jones Industrial Average falling 1.30% to 34,265.37. This was the stock's seventh consecutive day of losses. Workhorse Group Inc. closed $39.86 short of its 52-week high ($42.96), which the company achieved on February 4th.
The stock underperformed when compared to some of its competitors Friday, as Tesla Inc. fell 5.26% to $943.90, Toyota Motor Corp. ADR fell 0.84% to $199.77, and Ferrari N.V. fell 1.81% to $232.31. Trading volume (8.7 M) eclipsed its 50-day average volume of 5.9 M.