Workhorse stock plunges after news Oshkosh wins USPS contract

by 24USATVFeb. 24, 2021, 12:01 a.m. 26
-

Shares of Workhorse Group Inc. WKHS, fell nearly 50% at the end of the trading session Tuesday following news that Oshkosh Corp. OSK, won a U.S. Postal Service contract worth billions. Shares of Oshkosh were rising around 5% after a bigger spike on the news. The contract calls for Oshkosh Defense to help modernize the postal service's delivery vehicle fleet with fuel-efficient and hybrid vehicles. The contract calls for the delivery of between 50,000 and 165,000 vehicles over a period of 10 years, Oshkosh said.

-

Related Articles

HOT TRENDS

Market Buzz ETF to Launch Thursday

by 24USATVMarch 3, 2021, 8 a.m.2
HOT TRENDS

Baylor Basketball: Bears return to form, edge WVU in OT

by 24USATVMarch 3, 2021, 4 a.m.2
HOT TRENDS

Tight end Kyle Rudolph released by Vikings after 10 seasons

by 24USATVMarch 3, 2021, 4 a.m.2
HOT TRENDS

Jahmil French, 'Degrassi: The Next Generation' actor, dead at 28

by 24USATVMarch 3, 2021, 4 a.m.2