What's Going On With Workhorse (WKHS) Stock
Portfolio Pulse from Henry Khederian
Workhorse Group Inc (NASDAQ:WKHS) shares are trading higher by 8.61% to $1.01, following a 0.3% month-on-month slump in the Producer Price Index (PPI) for May. The softer PPI report suggests that raw material and input prices may not be increasing rapidly, potentially helping Workhorse manage production costs and improve profit margins.
June 14, 2023 | 4:19 pm
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Workhorse shares are up 8.61% as a softer PPI report suggests slower raw material price increases, potentially helping the company manage production costs and improve profit margins.
The softer PPI report indicates that raw material and input prices may not be increasing rapidly, which can help Workhorse manage its production costs and potentially improve its profit margins. This positive outlook on the company's cost efficiency and competitiveness has led to an increase in its stock price.
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