Why Workhorse Group Rallied Even After Reporting Negative Q3 Revenue
Nearly all the news offered by electric vehicle (EV) maker Workhorse Group (NASDAQ: WKHS) during its third-quarter (Q3) earnings report on Nov. 9 was downbeat, ranging from negative revenue to stopping sales of its main product.
Yet investors responded by boosting its share price nearly 6% in morning trading the following day, a surprisingly bullish response. There are several reasons why Wall Street might have reacted this way, but at this point, the stock looks like one to avoid nevertheless.
Source Fool.com
