24/7 Market News Snapshot 15 August, 2025 – Workhorse Group, Inc (NASDAQ:WKHS)
DENVER, Colo., 15 August, 2025 (www.247marketnews.com) – (NASDAQ:WKHS) are discussed in this article.
Workhorse Group, Inc. (WKHS) opened trading today at $1.75, but experienced a decline, currently positioned around $1.655, representing a drop of approximately 6.5%. This downturn follows a prior session close of $1.770, illustrating a bearish sentiment among investors. The trading volume has notably increased to 6.19 million shares, indicating a high level of trading activity that suggests mounting selling pressure. Key technical support levels appear to be forming around the psychological mark of $1.60, while resistance is identified near $1.70, factors which will be pivotal in determining the stock’s short-term direction.
Simultaneously, the Board of Directors at Workhorse Group is under investigation by the law firm Brodsky & Smith for potential breaches of fiduciary duty linked to the company’s proposed merger with Motiv Electric Trucks. As this merger moves toward completion, preliminary analyses indicate that Motiv’s major investor may control about 62.5% of the merged entity, which raises significant concerns regarding shareholder equity, leading to scrutiny of the Board’s decision-making process.
The investigation aims to ascertain whether the Board upheld its responsibilities and whether the merger terms justly reflect Workhorse’s value for its shareholders. Brodsky & Smith, noted for their proficiency in securities litigation, is committed to safeguarding the interests of affected investors. Stakeholders are encouraged to remain vigilant and to assess their rights as developments unfold. The spotlight on Workhorse’s governance practices amidst the rapidly evolving electric vehicle market highlights critical questions regarding corporate accountability and shareholder rights, with further updates anticipated as the situation progresses.