What's Going On With Workhorse Group Stock Wednesday?

Workhorse Group Inc (NASDAQ:WKHS) shares are trading lower Wednesday after the company announced a reverse stock split.

What Happened: Workhorse announced that it will effect a 1-for-12.5 reverse stock split of its common stock in an effort to regain compliance with the minimum bid price requirement for continued listing on the Nasdaq.

The company has until March 31 to regain compliance with Nasdaq rules, which require Nasdaq-listed companies to maintain a minimum closing ...