workhorse group news

Given the relative complexity of the options market, large options traders are typically considered to be more sophisticated than the average stock trader. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. At 9:32 a.m., a trader bought 1,381 Workhorse call options with a $20 strike price expiring on Friday near the ask price at $5.536. Workhorse Group Sets First Quarter 2020 Earnings Call for Wednesday, May 6, 2020 at 10:00 a.m. Workhorse Group Inc (NASDAQ: WKHS) shares are down 12.8% Tuesday after a major USPS contract decision was reportedly delayed, prompting a … The group is likely rising today as investors have reassessed the risks of SEC scrutiny and decided that last week's sell-off may have been overblown. Workhorse isn't a SPAC-related company; it went public way back in 2010. Market data powered by FactSet and Web Financial Group. The trade represented a $390,100 bearish bet. The consensus price target on the stock is … The fortunes of Workhorse, an emerging maker of electric package-delivery vans, are closely tied to those of electric-pickup start-up Lordstown Motors. The trade represented a $391,500 bullish bet. 10/14/20 Workhorse Group receives new truck order from California Air Resources Board 09/17/20 Ford says new F-150 pickup available in November, electric version ready by 2022 It operates through two divisions, Automotive and Aviation. Unfortunately, stock traders often use the options market to hedge against their larger stock positions, and there’s no surefire way to determine if an options trade is a standalone position or a hedge. Posted-In: Craig IrwinLong Ideas Downgrades Options Top Stories Markets Analyst Ratings Trading Ideas Best of Benzinga, Thank you for subscribing! The Workhorse Trades: On Tuesday, Benzinga Pro subscribers received several option alerts related to unusually large Workhorse trades. In this case, given the relatively large size of the biggest trades on Tuesday, they could certainly be institutional hedges. © 2020 Verizon Media. Irwin said he had been in email communication with the USPS regarding Workhorse’s bid for an $8.1 billion contract given the origin deadline for the decision was Tuesday. Morningstar | A Weekly Summary of Stock Ideas and Developments in the Companies We Cover, Discover new investment ideas by accessing unbiased, in-depth investment research, NasdaqCM - NasdaqCM Real Time Price. USPS Contract Delay: The big negative catalyst for Workhorse was a downgrade by Roth Capital analyst Craig Irwin. Many of these large options traders are wealthy individuals or institutions who may have unique information or theses related to the underlying stock. Nikola went public via a merger with SPAC VectoIQ Acquisition in early June. Benzinga does not provide investment advice. Irwin cut his rating from Buy to Neutral and lowered his price target from $33 to $27. At 10:31 a.m., a trader sold 996 Workhorse put options with a $19 strike price expiring on Jan. 15 near the bid price at $3.90. Returns as of 10/20/2020. Benzinga’s Take: With Workhorse shares already up 679% year to date, there is no question the USPS contract is a must-win for the stock if investors want to avoid significant downside. There was no big news driving Workhorse's stock higher on Monday. Post-Market 0.21 (0.92%) As Workhorse Group (NASDAQ:WKHS) makes a go of it in the electrical vehicle market, the months ahead will present a … CINCINNATI, Oct. 19, 2020 /PRNewswire/ -- Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company"), an American technology company focused on … Despite the difficult day on Wall Street, one large option trader was making a big bet on a Workhorse rebound. Trim, edge, and shave any length of hair with just one tool. We always viewed political optics of an award before the election as essential, and now see increased risk for an award,” Irwin wrote in the downgrade note. Early Monday, Workhorse shares traded up more than 11%, at $18.28 in a 52-week range of $1.32 to $22.90. Auto investors, take note. Tesla Nixes 7-Day Returns Tesla reportedly … The trade represented a $388,440 bullish bet. All rights reserved. Stock Advisor launched in February of 2002. Has Workhorse Group (WKHS) Outpaced Other Auto-Tires-Trucks Stocks This Year? Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Workhorse Group Stock Is Higher Today @themotleyfool #stocks $WKHS $NKLA $DPHC, examining the disclosures of such companies, Forget Tesla's Battery Day, These EV Stories Are More Important, Why Shares of Workhorse Group and DiamondPeak Holdings Dropped on Wednesday, 3 Electric Vehicle Stocks That Are Better Than Tesla, Why Shares of Workhorse Group Climbed in August, Copyright, Trademark and Patent Information. This award follows the Company's prior award for its standard configurations, which was previously announced in July. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. Privacy Policy / Do Not Sell My Personal Data. As of 1:30 p.m. EDT, Workhorse's shares were up about 12.5% from Friday's closing price. At 9:50 a.m., a trader bought 870 Workhorse call options with a $20 strike price expiring on Friday near the ask price at $4.50. But its fortunes are to a considerable extent tied to a company that is: Workhorse owns 10% of Lordstown Motors, an electric pickup-truck start-up that is in the process of merging with SPAC DiamondPeak Holdings. WKHS 22.81 0.51 (2.29%). In connected car news are Telsa, MIPI Alliance, Workhorse Group, Ford, TriEye, Maxim and Seeing Machines. View More Analyst Ratings for WKHS Shares of several special purpose acquisition companies (SPACs) that are in the process of merging with electric-vehicle start-ups fell sharply last Thursday, after Securities and Exchange Commission chair Jay Clayton said the agency is examining the disclosures of such companies. Workhorse Receives Additional Executive Order From the California Air Resources Board for its C-1000 Extended Range Electric Truck. Don't have a Benzinga account? If you have any questions feel free to call us at 1-877-440-ZING or email us at Image source: Workhorse Group. “A USPS PR spokesperson indicated it now expects a decision by the end of 2020. All rights reserved. Shares of Workhorse Group (NASDAQ:WKHS), a maker of electric commercial vehicles, were trading higher on Monday, as most electric-vehicle stocks rallied to open the week. John has been writing about the auto business and investing for over 20 years, and for The Motley Fool since 2007. Currency in USD, Trade prices are not sourced from all markets. Let's conquer your financial goals together...faster. At 10:28 a.m., a trader bought 1,000 Workhorse put options with a $19 strike price expiring on Jan. 15 near the ask price at $3.901. Get pre-market outlook, mid-day update and after-market roundup emails in your inbox. A daily collection of all things fintech, interesting developments and market updates. © 2020 Workhorse Group Inc. designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States. The company's shares, along with others in its peer group, were moving higher on Monday following a sell-off last last week. 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, today announced that its 2020 C-1000 Extended Range delivery truck has received Executive Order: A-445-003-1 from the California Air Resources Board ("CARB"), designating this model as a zero-emission vehicle in the state of California. Which EV Stock Will Grow The Most By 2025? Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Made Simple. Why It’s Important For Workhorse Investors: Even traders who stick exclusively to stocks often monitor option market activity closely for unusually large trades.

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