Workhorse stock plunges after news Oshkosh wins USPS contract

Vaccinex's stock soars toward record gain on record volume after deals with 'prominent' drug makers

Shares of Workhorse Group Inc.
fell nearly 50% at the end of the trading session Tuesday following news that Oshkosh Corp.
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.


About Albert Kerley

Albert has handled various businesses throughout his career and has a deep domain knowledge. He founded News Conduct in an attempt to bring the latest news to its readers. He is glued to the stock market most of the times and just loves being in touch with the developments in the business world.

View all posts by Albert Kerley →

Leave a Reply

Your email address will not be published.