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Bargain investors with an eye for the long-term future may now see this as a buying opportunity.
The high degree of leverage can work against you as well as for you. The stimulus election minute, the most popular dance in Washington, went through another few elaborate rounds on Capitol Hill today with Nancy Pelosi's office reporting progress in afternoon talks with Steven Mnuchin.
Combine the Fuzzy Panda’s report with analyst downgrades after the much-anticipated announcement of the USPS new fleet contract being delayed, and it becomes clear that Workhorse’s stock was prime for the correction it is currently mired in. Find the latest news headlines from Workhorse Group, Inc. Common Stock (WKHS) at Nasdaq.com. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
Get the latest Workhorse Group, Inc. (WKHS) stock news and headlines to help you in your trading and investing decisions. The short-seller report is not great news, but investors need to keep in mind that most of these are just formulated opinions, just as bullish analyst upgrades are. Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management.
WKHS stock news . Find the latest Workhorse Group, Inc. (WKHS) stock quote, history, news and other vital information to help you with your stock trading and investing. NASDAQ:WKHS has fallen nearly 30% since its mid-September peak amidst various factors including a short-seller report not unlike those that have been detrimental to companies like Nikola (NASDAQ:NKLA). The use of this website constitutes acceptance of our user agreement. EUR/USD has advanced to 1.18 as Democrats and Republicans have reportedly narrowed the gap in stimulus talks. The safe-haven dollar is on the back foot and investors are shrugging off concerns about new coronavirus-related lockdowns in Europe. Three-week-old ascending trend line restricts immediate downside.
Shares lost 2.54% on Monday to close down at $22.23 sharing in the market selloff that saw electric vehicle makers get trimmed across the board. The higher-yielding oil once again found fresh bids near the $40.70 region after the risk tone improved amid a recovery in the European stocks and renewed hopes of a US fiscal stimulus aid.
The short-seller report is not great news, but investors need to keep in mind that most of these are just formulated opinions, just as bullish analyst upgrades are. Gold remains mildly offered around $1900 despite keeping the recovery from Thursday’s low flashed earlier in Asia. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
Brussels said it is ready to intensify talks.
Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Note: All information on this page is subject to change. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. One positive announcement that has emerged from the Ohio-based company is it has received the approval to hand out monetary vouchers for C-Series truck sales in the state of New York. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. EUR/USD hits 1.18 on hopes for a US stimulus deal, GBP/USD retreats toward 1.29, shrugging off Brexit hopes, Gold fades pullback moves to keep familiar range near $1,900, US Markets React: Gold gains, equities and dollar tumble on stimulus jitters, WTI jumps back above $41 ahead of API data. This is welcome news for investors as in July, Workhorse also received HVIP eligibility in California, meaning two of the largest populations in America locked up for discounts on its truck sales for last-mile deliveries. PM Johnson is set to put the Greater Manchester area under lockdown and US fiscal stimulus talks are eyed. GBP/USD is falling below 1.2950 and towards 1.29 ahead of a call between EU and UK negotiators.
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Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
With the quarterly earnings report scheduled for the second week of November, investors may want to wait to see how the stock behaves leading up to the call.
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