Workhorse Group lower after ARK Invest dumps shares in two funds

• 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.