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Why Workhorse Stock Spiked Higher Again This Morning

Jon Quast, The Motley Fool
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. By contrast, Workhorse has already established a business relationship with delivery services like United Parcel Service and the U.S. Postal Service. CEO Duane Hughes said this financing will give the company financial flexibility and enable it to meet its goals for 2020.