Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
the fact that they announced an earnings date means there is life?
Or the market is seeing the administration giving the USPS to do full electrification of the fleet and either USPS or OSh Kosh could give WKHS one model to manufacture for them?
By advancing the timeline and size of the project they could easily justify it and make the law suits go away.
No idea. Earnings don't come out for another week.
Any idea why WKHS is up after hours? Its up $8.34!
Nice gains the last few days and hopefully we will be back above $8 in the days ahead.
Workhorse Group Sets Third Quarter 2021 Earnings Call for Tuesday, November 9, 2021 at 10:00 a.m. ET
https://finance.yahoo.com/news/workhorse-group-sets-third-quarter-123000819.html
CINCINNATI, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last mile delivery sector, will hold a conference call on Tuesday, November 9 at 10:00 a.m. Eastern time (7:00 a.m. Pacific time) to discuss its financial results for the third quarter ended September 30, 2021 and the company’s plans and outlook. Financial results will be issued in a press release prior to the call.
That was a month ago.
Recall was for existing safety issues.
Trucks did not meet Federal standards.
Workhorse is suspending deliveries of its C-1000 electric delivery vans and recalling 41 vehicles that have already been sent to customers, telling regulators the vans need “additional testing and modifications” in order to comply with federal safety standards.
https://www.theverge.com/2021/9/22/22688037/workhorse-suspends-delivery-recall-c-1000-electric-van
WKHS...$6.82...in the P/M...Looking to add any dips here...:party:
[6:24 AM]
georgie18 — 10/11/2021
WKHS...$6.10...Watching for another entry on the Oversold Pincher Squeeze...:party:
Between 15 and 30 minutes, after market closed. There was also a 200,000 plus sell, but that buy was before it
Not seeing it. All in one trade? What time? Thanks.
7 million dollar purchase, after hours today
Only is they do a 10 for 1 stock split.
this will hit 2.50 before it ever hits 200dma
WKHS...$6.43...Bullish Engulfing Reversal Candle to the Upside...on the Oversold Pincher Squeeze...
Adding here on the Reversal set up...for a 200ma move...imo...we shall see...Alerted in the $6.07 to $6.17 range...
Chart...https://schrts.co/GHcPZPwE ...
Ticker Company Exchange ShortInt Float Outstd Industry
WKHS Workhorse Group Inc Nasdaq 38.90% 113.88M 123.95M Auto & Truck Manufacturers
WKHS...$6.17s... clearing here on the Bullish Harami Reversal Candle to the Upside...:party:
[10:29 AM]
georgie18 — Today at 9:42 AM
WKHS...$6.07...filled a starter...will add accordingly up or down...:party:
WKHS...$6.10...Watching for another entry on the Oversold Pincher Squeeze...
Do you think we will test low $5's, or do you think it will rebound before then? Someone was buying an awful lot of $15 Calls for December.......
Nothing we can control.
the shorts seem to be in charge.
Anything to stop this dreaded slide here?
I bought more WKHS today. There's a ton of Open Int in those Dec $15 Calls......
Dec. $15 calls are getting active!
I know the market is down today, but why is WKHS down almost 10%?
Fuzzy Panda appears to have been right about issues with vehicle, what with recall and redesign.
Were they right about fake / inflated orders?
Be patient with them. They have good stuff, just need to sort out some things. Good buying opportunity at the moment btw
WKHS...$8.07...on the Gappa...Will take profit on the Gappa and look for another entry...:party:
[7:09 AM]
georgie18 — 09/24/2021
WKHS...$7.57...Bullish Harami Reversal Pattern to the Upside formed on this Oversold Pincher Squeeze set up... :party:
someone realized that the C650 isnt being recalled and redesigned only the C1000.
and may have found out hopa many are being shipped and built (would be nice to know of course)
on the other hand with oil spiking any EV company will get a boost and shorts start to be concerned
What got into WKHS today? Up over 9%.
WKHS...$7.57...Bullish Harami Reversal Pattern to the Upside formed on this Oversold Pincher Squeeze set up...
Open Gap that needs to fill in the $8 range...Back in again with a starter position...will add accordingly...up or down...
Chart...https://schrts.co/SmaIgtxf ...
Workhorse Group Inc (WKHS)
7.51 ? -0.68 (-8.30%)
Volume: 20,184,196 @09/22/21 7:59:33 PM EDT
Bid Ask Day's Range
7.51 7.52 7.05 - 7.75
WKHS Detailed Quote
Right now none of the automakers are selling anything anyway.
Nah. This is fixing the previous management's screwup.
Ooops. Pulled the trigger and sent out the vans too soon? Ouch.
Big 100 share paint at .0008 that makes it harder to show a gain tomorrow and easier to show a loss.
Work harder. A lot harder. Still green.
Fuzzy Panda Research stated:
Current SEC investigation, orders aren't binding
or real, quality issues etc.
Lot of allegations over last year!
I think the new CEO is wondering what he
walked into.
PROBLEMS here Bigly !!???
SEC Is Investigating Electric Delivery-Truck Maker Workhorse -- 2nd Update
5:01 pm ET September 1, 2021 (Dow Jones)
By Ben Foldy
Financial regulators have opened an investigation into electric delivery-truck maker Workhorse Group Inc., an Ohio-based firm that was an early investor in now-struggling startup Lordstown Motors Corp.
The Securities and Exchange Commission disclosed in a letter denying a public-records request that its enforcement division has been probing Workhorse, according to a copy of the letter reviewed by The Wall Street Journal.
"We have confirmed with the Division of Enforcement staff that the investigation from which you seek records is still active and ongoing," the letter, dated June 30, said.
The letter doesn't say what the investigation concerns or offer any further details. A self-described short seller said he submitted the original records request under the Freedom of Information Act in April. A redacted copy of the SEC's written response was also included in a report he published Wednesday.
The SEC's public log of FOIA requests shows a record of the public-records request and that it was denied, but doesn't provide further information.
A Workhorse spokesman didn't comment.
Shares in the company closed Wednesday down 6.8% at $9.14.
The SEC's probe into Workhorse, a firm founded in 2007 to make battery-powered delivery vans and trucks, is the fourth known investigation into an electric-vehicle manufacturer in the past year.
It is also the second involving a company started by Steve Burns, an entrepreneur who also founded Lordstown Motors, another Ohio-based startup focused on electric trucks that took over a former General Motors Co. plant two years ago. Mr. Burns established Lordstown Motors within months of leaving Workhorse in 2019.
Lordstown Motors is also being investigated by the SEC, as well as the Justice Department. In June, it disclosed the SEC had subpoenaed materials and information related to its deal to go public last fall and preorders for its forthcoming electric pickup truck, the Endurance. The company in July confirmed the Justice Department probe.
A lawyer for Mr. Burns said he hadn't been contacted by the government regarding either investigation. Lordstown Motors has said it is cooperating with the investigations.
Workhorse hasn't disclosed the SEC's probe into its business in its public filings.
Publicly traded companies aren't legally required to disclose federal investigations into their business. A recent study in the academic journal Management Science found that 19% of public companies initially report such probes to investors
Marc Steinberg, a professor specializing in securities law at Southern Methodist University, said that if an enforcement action is possible, then it is best for the company to disclose it as a material event.
"It's important to investors," Mr. Steinberg said.
Upstarts targeting the transportation sector emerged as some of Wall Street's hottest investments last year, driven in large part by investors trying to replicate Tesla Inc.'s big returns.
Some of these entries, including Lordstown Motors, merged with special purpose acquisition companies, or SPACs, to go public, a route that allows them to list without going through the traditional IPO process.
Mr. Burns took Workhorse public in 2010, when it first listed on OTC markets. The company listed on the Nasdaq in 2016, with Mr. Burns as chief executive officer. It has spent more than a decade working to develop electrified vans and trucks for sale to parcel-delivery services such as United Parcel Service Inc. and FedEx Corp. and other work fleets.
Like Lordstown Motors, Workhorse has struggled over the past few years with missed targets, executive turnover and a squeeze on cash, according to company statements and filings.
In July, Workhorse suspended earlier guidance that it aimed to deliver 1,000 vehicles in 2021. On Aug. 9, the company said it had sold 14 vans in the second quarter and planned to redesign its flagship model in response to consumer feedback that it couldn't carry enough cargo.
Earlier this year, Workhorse missed out on a potentially multibillion-dollar contract when the U.S. Postal Service selected Oshkosh Corp. to replace its aging fleet of delivery vehicles. The truck company has challenged the contract decision, alleging the Postal Service "put its thumb on the scale against Workhorse."
The company's shares tumbled following news of the contract loss, and as of Tuesday's close had fallen 76% from an all-time high of $41.34 set in February. The stock fell sharply early afternoon Wednesday but more recently was up about 1%.
Duane Hughes, who replaced Mr. Burns as CEO in 2019, stepped down at the end of July. Workhorse also said the following week that its vice president of finance and its general counsel were leaving the company.
Richard Dauch, a veteran auto industry executive who led auto-supplier Delphi Technologies, recently took over as Workhorse's chief.
In addition to sharing a founder, Workhorse was an early investor in Lordstown Motors. Until recently, it held a 9% stake in the electric-truck startup. Last month it disclosed it had sold off nearly three-quarters of its Lordstown Motors shares since July, netting $79 million in proceeds.
Lordstown Motors also licensed technology from Workhorse for its pickup, and several former Workhorse executives joined Mr. Burns at Lordstown Motors when it was established.
Lordstown Motors' current executive chairwoman, Angela Strand, was a vice president at Workhorse executive until 2018. Lordstown Motors last week named a new CEO, Daniel Ninivaggi, a longtime automotive industry executive and onetime lieutenant to billionaire Carl Icahn.
Watch this before the bell at 9:30....From a technical perspective the break of the support trend line puts back into play the prevailing daily downtrend.
You didn't miss the boat. There is still time to get in because this is going much higher.
Watching Workhorse Group Shares; Traders Circulate Fuzzy Panda Research Note Titled 'Workhorse Group: Active SEC Investigation + Fake Orders + Lost to Two EVs in USPS Bid + New EVs Already Breaking Down = Glue Factory for Workhorse'
https://fuzzypandaresearch.com/workhorse-group-sec-investigation-fake-order-book/
Another one here what is this?
https://fuzzypandaresearch.com/workhorse-group-sec-investigation-fake-order-book/
Another one here what is this?
WKHS - Workhorse Stock Technical Analysis Price target
Be patient with that company, they will manage
Lots of watcher adds, this weekend on Stocktwits. I think there is something in the works, for the next squeeze.
I don't always put a lot of importance on a market cap on small stocks. A company can have a much higher market cap simply because the have been diluting their shares and raising their OS.The market cap goes higher but the actual value of each share is less.
Followers
|
232
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
7938
|
Created
|
07/11/10
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |