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Feb. 23, 2021, 4:03 p.m. EST

Workhorse stock plunges after news Oshkosh wins USPS contract

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By Claudia Assis

Shares of Workhorse Group Inc. /zigman2/quotes/207314632/composite WKHS -4.76% fell nearly 50% at the end of the trading session Tuesday following news that Oshkosh Corp. /zigman2/quotes/200559252/composite OSK +0.75% won a U.S. Postal Service contract worth billions. Shares of Oshkosh were rising around 5% after a bigger spike on the news. The contract calls for Oshkosh Defense to help modernize the postal service's delivery vehicle fleet with fuel-efficient and hybrid vehicles. The contract calls for the delivery of between 50,000 and 165,000 vehicles over a period of 10 years, Oshkosh said.

/zigman2/quotes/207314632/composite
US : U.S.: Nasdaq
$ 12.60
-0.63 -4.76%
Volume: 14.95M
April 19, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.48 billion
Rev. per Employee
$10,712
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/zigman2/quotes/200559252/composite
US : U.S.: NYSE
$ 121.93
+0.91 +0.75%
Volume: 420,809
April 19, 2021 4:00p
P/E Ratio
26.34
Dividend Yield
1.08%
Market Cap
$8.26 billion
Rev. per Employee
$476,167
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