Workhorse Stock Is Plunging After a Reverse Split. Should You Buy the Dip?
Workhorse (WKHS) stock closed down another 7% as investors remain wary of the commercial EVs specialist after its 1-for-12 reverse stock split on Dec. 8. The split reduced the total number of WKHS shares outstanding from about 26 million to roughly 2.17 million only, with fractional shares being rounded up to the nearest whole number rather than issued separately. More News from Barchart Even after the reverse split, Workhorse remains essentially a penny stock, trading at a little over $7 per share. ww ...