Tech Shares Move Higher, Nasdaq Jumps 200 Points
U.S. stocks traded higher midway through trading, with the NASDAQ Composite gaining around 190 points on Wednesday.
Workhorse Stock Is Popping Off Today: Here’s Why
Workhorse Group Inc (NASDAQ: WKHS) shares are trading higher by 13.42% to $3.55 Wednesday morning after the USPS said it plans to purchase additional electric delivery vehicles including over 34,000 commercially available off-the-shelf vehicles.
Why it Matters
‘House panel will investigate USPS plan to purchase 8.6 mpg trucks’ -Washington Post Report
https://www.washingtonpost.com/business/2022/05/12/usps-truck-contract-house-oversight-investigation/
Why Workhorse Shares Are Rising Today
Workhorse Group Inc (NASDAQ: WKHS) shares are trading higher by 3.94% at $2.64. The company Tuesday morning reported first-quarter earnings results.
Workhorse Reaffirms Commitment To Manufacture, Sell At Least 250 Vehicles In 2022
2022 Guidance
Workhorse is reaffirming its commitment to manufacture and sell at least 250 vehicles in 2022, assuming current supply chain visibility remains unchanged, and to generate at least $25
Workhorse Shares Quiet Following US Patent & Trademark Office Abstract For Co.’s ‘Land vehicles incorporating monocoques and modular mold systems for making the same’
https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.htm&r=5794&f=G&l=50&d=PTXT&p=116&S1=20220412&OS=20220412&RS=20220412
