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June 29, 2020, 2:17 p.m. EDT

Workhorse stock soars on heavy volume, has more than tripled amid 8-day win streak

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By Tomi Kilgore

Shares of Workhorse Group Inc. /zigman2/quotes/207314632/composite WKHS -5.82% soared 48% on very heavy volume Monday, putting them on track for an 8-day win streak, as the electric van maker was added to the Russell 3000 index /zigman2/quotes/210598149/delayed RUA +1.15% as of the opening bell. Trading volume was 92.3 million shares, compared with the full-day average of about 12.1 million shares. The stock has more than tripled (up 253%) during its current winning streak, lifting Workhorse's market capitalization to $1.03 billion. An 8-day win streak would be the longest since the 8-day stretched ending July 15, 2019. The company had announced last Tuesday that it had "successfully completed Federal Motor Vehicle Safety Standards" testing for its C650 and C1000 all-electric delivery vans. And Friday, ecommerce giant Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN +1.90% announced a deal to buy self-driving technology company Zoox, with analysts estimating a purchase price of over $1 billion, according to an Associated Press report. Shares of other electric vehicle makers were also rising Monday, amid a broader stock market rally, but by less than Workhorse's stock. Shares of Tesla Inc. /zigman2/quotes/203558040/composite TSLA +1.99% rose 3.4%, Nio Inc. /zigman2/quotes/204905836/composite NIO +5.49% advanced 4.4% and Nikola Corp. /zigman2/quotes/208704275/composite NKLA +13.37% rallied 4.9%, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.31% surged 1.2%.

/zigman2/quotes/207314632/composite
US : U.S.: Nasdaq
$ 25.52
-1.58 -5.82%
Volume: 12.99M
Sept. 30, 2020 11:30a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.85 billion
Rev. per Employee
$7,268
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/zigman2/quotes/210598149/delayed
US : Russell Indices
1,975.60
+22.55 +1.15%
Volume: 0.00
Sept. 30, 2020 11:15a
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/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,204.61
+59.72 +1.90%
Volume: 1.47M
Sept. 30, 2020 11:30a
P/E Ratio
122.98
Dividend Yield
N/A
Market Cap
$1575.24 billion
Rev. per Employee
$359,671
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/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 427.43
+8.36 +1.99%
Volume: 22.41M
Sept. 30, 2020 11:30a
P/E Ratio
1,116
Dividend Yield
N/A
Market Cap
$390.49 billion
Rev. per Employee
$439,627
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/zigman2/quotes/204905836/composite
US : U.S.: NYSE
$ 22.00
+1.15 +5.49%
Volume: 98.22M
Sept. 30, 2020 11:30a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$28.40 billion
Rev. per Employee
N/A
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/zigman2/quotes/208704275/composite
US : U.S.: Nasdaq
$ 20.27
+2.39 +13.37%
Volume: 34.47M
Sept. 30, 2020 11:30a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$6.78 billion
Rev. per Employee
N/A
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/zigman2/quotes/210599714/realtime
US : S&P US
3,379.26
+43.79 +1.31%
Volume: 758.42M
Sept. 30, 2020 11:30a
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