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Why Workhorse Stock Spiked Higher Again This Morning

TheMotleyFool

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Why Workhorse Stock Spiked Higher Again This Morning

Shares of last-mile delivery company Workhorse Group (NASDAQ: WKHS) are spiking higher this morning after the company announced a new $70 million financing deal. As of 10:30 a.m. EDT, the stock was up 28% and still climbing.

Investors clearly see an opportunity with Workhorse, judging by the stock's mind-blowing gains in 2020. And this financing deal was crucial to the company's long-term viability.