Workhorse Group Announces 1-For-20 Reverse Stock Split, Will Begin Trading On A Reverse Split-Adjusted Basis When The Market Opens On June 17, 2024
Portfolio Pulse from Benzinga Newsdesk
Workhorse Group Inc. (NASDAQ:WKHS) announced a 1-for-20 reverse stock split, effective June 17, 2024. The stock will continue trading under the symbol 'WKHS' on a reverse split-adjusted basis.
June 13, 2024 | 12:45 pm
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Workhorse Group Inc. (NASDAQ:WKHS) will implement a 1-for-20 reverse stock split, effective June 17, 2024. The stock will trade on a reverse split-adjusted basis.
Reverse stock splits are often perceived negatively by investors as they can indicate a company is trying to boost its stock price artificially. This could lead to a short-term decline in WKHS stock price.
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