Workhorse Group lower after ARK Invest dumps shares in two funds

May 13, 2021 6:58 AM ETWorkhorse Group Inc. (WKHS)WKHSBy: Clark Schultz, SA News Editor12 Comments
  • Ark Invest sold a significant number of shares of Workhorse Group (NASDAQ:WKHS) yesterday, according to the firm's trading update.
  • The ARK Space Exploration ETF unloaded 323,803 shares of Workhorse Group and the ARK Space Exploration ETF sold 140,335 shares.
  • Earlier this week, Oppenheimer warned on a challenging environment for WKHS and R.F. Lafferty slashed its price target. Workhorse Group also set production targets below expectations.
  • Shares of Workhorse Group are down 2.21% in premarket trading to $7.52 vs. the 52-week range of $2.27 to $42.96. Workhorse Group has seen selling pressure for most of this week.

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