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Workhorse jumps as Cathie Wood's Ark Invest buys the dip following more than 50% decline on USPS contract loss
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Cathie Wood's Ark Invest viewed the more than 50% decline in shares of Workhorse Group this week as a an opportunity to buy the dip, evidenced by the firm's purchase of shares on Wednesday.
Shares of Workhorse jumped as much as 9% in Thursday trades as Ark Invest disclosed in its daily trading e-mail. Source:
Workhorse Group drops nearly 50% after EV company is passed over for USPS contract
Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service. Source:
