NEW YORK - Workhorse Group Inc. experienced a decline in stock value during a volatile trading session Tuesday. Shares of the electric vehicle company fell by 0.61% to $0.41, halting a two-day winning streak amidst mixed performances across the automotive sector. The drop occurred even as the NASDAQ Composite Index saw an ascent, contrasting with the slight pullback of the Dow Jones Industrial Average.
The company's shares are currently trading well below their peak reached in early February. Notably, the trading volume for Workhorse was lower than average on this day, pointing to a quieter than usual activity for the stock.
This movement in Workhorse's stock took place against a varied backdrop in the industry, with Tesla (NASDAQ:TSLA) Inc. witnessing gains and General Motors (NYSE:GM) experiencing losses during the same session.
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