Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’

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Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’

CNBC2021-06-04

Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock. The firm cut its rating from outperform to ...

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Timmyc
·2021-06-05
wow not
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charlito
·2021-06-05
Obviousss
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1
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matrixguy
·2021-06-05
nice
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2
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aalyn
·2021-06-05
lol saying the obvious much?
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2
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Benly8
·2021-06-05
U call this a spike?
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1nu
·2021-06-05
Help me like and comment:)
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4
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- aalyn:
  haha
  2021-06-05
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- luv2trade:
  [Smile]
  2021-06-05
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- Timz:
  Comment back please
  2021-06-05
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Jerry79
·2021-06-05
Haha
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5
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- Ashish:
  why laughinh
  2021-06-05
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Kenjing
·2021-06-05
Nice
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5
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- 1nu:
  Help me like and comment:)
  2021-06-05
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UTOtrader
·2021-06-05
Hahaha
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8
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- phantom74:
  reply
  2021-06-05
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PooYen
·2021-06-05
Please like and comment. Thanks. [Smile] [Smile] [Smile]
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2
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- 1nu:
  Help me like and comment:)
  2021-06-05
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Ahleepapa
·2021-06-05
Short squeezeddd
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- Trading Guru:
  ok
  2021-06-05
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MaxNZH
·2021-06-05
Like my comment
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4
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- Gigachad:
  Done, please like back
  2021-06-05
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- Trading Guru:
  pls like
  2021-06-05
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yagami00
·2021-06-05
Ok
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Abundance Thankful
·2021-06-04
Wow
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- Gigachad:
  Such wow
  2021-06-05
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- RichardChan:
  Ok
  2021-06-05
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Assassin008
·2021-06-04
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- Jasmimim:
  Good
  2021-06-17
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- Darren Kiew:
  Like and comment back.
  2021-06-04
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If these heavily shorted stocks rally, it can cause a so-called short squeeze where those betting against the stock are forced to buy it to cut their losses.\nWhen downgrading Workhorse, Cowen kept all of its estimates the same, including its $13 target, which is 12% below where shares closed on Thursday.\nWorkhorse shares fell 9% during on Friday. The stock has shed 32% this year even with the recent spikes.\nLooking ahead, the firm said Workhorse has between nine and 12 months before competitive dynamics heat up. Ford and GM have outlined long-term electric vehicle development plans, while a host of start-ups are also emerging in the EV space.\n“Competition is increasing with several well capitalized companies entering in to the electric van market for last mile delivery applications,” analysts led by Jeffrey Osborne said. “We look to the balance of FY21 to see management begin to execute on its production targets in earnest and leverage its first to market advantage.”","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":112183752,"gmtCreate":1622855733876,"gmtModify":1704192454887,"author":{"id":"3580011596829973","authorId":"3580011596829973","name":"Timmyc","avatar":"https://static.tigerbbs.com/7d77f4fd6ea9788e2ccd1a17e255b01e","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"wow not&nbsp;","listText":"wow not&nbsp;","text":"wow not","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/112183752","repostId":1123977724,"repostType":4,"repost":{"id":"1123977724","pubTimestamp":1622819745,"share":"https://www.laohu8.com/m/news/1123977724?lang=&edition=full","pubTime":"2021-06-04 23:15","market":"us","language":"en","title":"Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’","url":"https://stock-news.laohu8.com/highlight/detail?id=1123977724","media":"CNBC","summary":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Fri","content":"<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCowen downgrades Workhorse, calls latest move a ‘meme stock spike’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc."},"source_url":"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1123977724","content_text":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to market perform, saying there’s little near-term upside ahead for shares following the recent ascent.\n“We view shares as fairly valued following the recent rally which we view as not supported by fundamentals or company specific catalysts,” the firm said, adding that it sees “no major near term catalysts to buoy shares further.”\n\nThe electric vehicle’s stock spike comes as the so-called meme stocks have taken hold on Wall Street once again. If GameStop was the poster child of the Reddit-fueled rally earlier this year, this time around it’s AMC. The movie theater chain’s stock dipped 18% on Thursday, but it’s still up 96% for the week after nearly doubling during Wednesday’s trading session.\nOne indication that Workhorse is part of this group is its short interest. According to data from FactSet, 41% of its float is sold short. This means a very larger portion of investors — typically institutional investors — are betting the stock will decline. Traders targeting heavily-shorted stocks has been a hallmark of the meme-stock rally. For AMC and Bed Bath & Beyond 21% and 31% of shares are sold short, according to FactSet. If these heavily shorted stocks rally, it can cause a so-called short squeeze where those betting against the stock are forced to buy it to cut their losses.\nWhen downgrading Workhorse, Cowen kept all of its estimates the same, including its $13 target, which is 12% below where shares closed on Thursday.\nWorkhorse shares fell 9% during on Friday. The stock has shed 32% this year even with the recent spikes.\nLooking ahead, the firm said Workhorse has between nine and 12 months before competitive dynamics heat up. Ford and GM have outlined long-term electric vehicle development plans, while a host of start-ups are also emerging in the EV space.\n“Competition is increasing with several well capitalized companies entering in to the electric van market for last mile delivery applications,” analysts led by Jeffrey Osborne said. “We look to the balance of FY21 to see management begin to execute on its production targets in earnest and leverage its first to market advantage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":112183117,"gmtCreate":1622855713139,"gmtModify":1704192454234,"author":{"id":"3581727570212837","authorId":"3581727570212837","name":"charlito","avatar":"https://static.tigerbbs.com/187f09a2c9b9e341d7b9423366682194","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Obviousss","listText":"Obviousss","text":"Obviousss","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/112183117","repostId":1123977724,"repostType":4,"repost":{"id":"1123977724","pubTimestamp":1622819745,"share":"https://www.laohu8.com/m/news/1123977724?lang=&edition=full","pubTime":"2021-06-04 23:15","market":"us","language":"en","title":"Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’","url":"https://stock-news.laohu8.com/highlight/detail?id=1123977724","media":"CNBC","summary":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Fri","content":"<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCowen downgrades Workhorse, calls latest move a ‘meme stock spike’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc."},"source_url":"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1123977724","content_text":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to market perform, saying there’s little near-term upside ahead for shares following the recent ascent.\n“We view shares as fairly valued following the recent rally which we view as not supported by fundamentals or company specific catalysts,” the firm said, adding that it sees “no major near term catalysts to buoy shares further.”\n\nThe electric vehicle’s stock spike comes as the so-called meme stocks have taken hold on Wall Street once again. If GameStop was the poster child of the Reddit-fueled rally earlier this year, this time around it’s AMC. The movie theater chain’s stock dipped 18% on Thursday, but it’s still up 96% for the week after nearly doubling during Wednesday’s trading session.\nOne indication that Workhorse is part of this group is its short interest. According to data from FactSet, 41% of its float is sold short. This means a very larger portion of investors — typically institutional investors — are betting the stock will decline. Traders targeting heavily-shorted stocks has been a hallmark of the meme-stock rally. For AMC and Bed Bath & Beyond 21% and 31% of shares are sold short, according to FactSet. If these heavily shorted stocks rally, it can cause a so-called short squeeze where those betting against the stock are forced to buy it to cut their losses.\nWhen downgrading Workhorse, Cowen kept all of its estimates the same, including its $13 target, which is 12% below where shares closed on Thursday.\nWorkhorse shares fell 9% during on Friday. The stock has shed 32% this year even with the recent spikes.\nLooking ahead, the firm said Workhorse has between nine and 12 months before competitive dynamics heat up. Ford and GM have outlined long-term electric vehicle development plans, while a host of start-ups are also emerging in the EV space.\n“Competition is increasing with several well capitalized companies entering in to the electric van market for last mile delivery applications,” analysts led by Jeffrey Osborne said. “We look to the balance of FY21 to see management begin to execute on its production targets in earnest and leverage its first to market advantage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":112373301,"gmtCreate":1622853528203,"gmtModify":1704192383909,"author":{"id":"3585126496093611","authorId":"3585126496093611","name":"matrixguy","avatar":"https://static.tigerbbs.com/ec0cef7c3810092165a5a0ea09e5275f","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":7,"crmLevelSwitch":1},"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/112373301","repostId":1123977724,"repostType":4,"repost":{"id":"1123977724","pubTimestamp":1622819745,"share":"https://www.laohu8.com/m/news/1123977724?lang=&edition=full","pubTime":"2021-06-04 23:15","market":"us","language":"en","title":"Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’","url":"https://stock-news.laohu8.com/highlight/detail?id=1123977724","media":"CNBC","summary":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Fri","content":"<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCowen downgrades Workhorse, calls latest move a ‘meme stock spike’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc."},"source_url":"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1123977724","content_text":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to market perform, saying there’s little near-term upside ahead for shares following the recent ascent.\n“We view shares as fairly valued following the recent rally which we view as not supported by fundamentals or company specific catalysts,” the firm said, adding that it sees “no major near term catalysts to buoy shares further.”\n\nThe electric vehicle’s stock spike comes as the so-called meme stocks have taken hold on Wall Street once again. If GameStop was the poster child of the Reddit-fueled rally earlier this year, this time around it’s AMC. The movie theater chain’s stock dipped 18% on Thursday, but it’s still up 96% for the week after nearly doubling during Wednesday’s trading session.\nOne indication that Workhorse is part of this group is its short interest. According to data from FactSet, 41% of its float is sold short. This means a very larger portion of investors — typically institutional investors — are betting the stock will decline. Traders targeting heavily-shorted stocks has been a hallmark of the meme-stock rally. For AMC and Bed Bath & Beyond 21% and 31% of shares are sold short, according to FactSet. If these heavily shorted stocks rally, it can cause a so-called short squeeze where those betting against the stock are forced to buy it to cut their losses.\nWhen downgrading Workhorse, Cowen kept all of its estimates the same, including its $13 target, which is 12% below where shares closed on Thursday.\nWorkhorse shares fell 9% during on Friday. The stock has shed 32% this year even with the recent spikes.\nLooking ahead, the firm said Workhorse has between nine and 12 months before competitive dynamics heat up. Ford and GM have outlined long-term electric vehicle development plans, while a host of start-ups are also emerging in the EV space.\n“Competition is increasing with several well capitalized companies entering in to the electric van market for last mile delivery applications,” analysts led by Jeffrey Osborne said. “We look to the balance of FY21 to see management begin to execute on its production targets in earnest and leverage its first to market advantage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":112347776,"gmtCreate":1622853438295,"gmtModify":1704192380803,"author":{"id":"3563875545226282","authorId":"3563875545226282","name":"aalyn","avatar":"https://static.tigerbbs.com/a665f066b4aaca8c78e998356714d014","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"lol saying the obvious much?&nbsp;","listText":"lol saying the obvious much?&nbsp;","text":"lol saying the obvious much?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/112347776","repostId":1123977724,"repostType":4,"repost":{"id":"1123977724","pubTimestamp":1622819745,"share":"https://www.laohu8.com/m/news/1123977724?lang=&edition=full","pubTime":"2021-06-04 23:15","market":"us","language":"en","title":"Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’","url":"https://stock-news.laohu8.com/highlight/detail?id=1123977724","media":"CNBC","summary":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Fri","content":"<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCowen downgrades Workhorse, calls latest move a ‘meme stock spike’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc."},"source_url":"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1123977724","content_text":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to market perform, saying there’s little near-term upside ahead for shares following the recent ascent.\n“We view shares as fairly valued following the recent rally which we view as not supported by fundamentals or company specific catalysts,” the firm said, adding that it sees “no major near term catalysts to buoy shares further.”\n\nThe electric vehicle’s stock spike comes as the so-called meme stocks have taken hold on Wall Street once again. If GameStop was the poster child of the Reddit-fueled rally earlier this year, this time around it’s AMC. The movie theater chain’s stock dipped 18% on Thursday, but it’s still up 96% for the week after nearly doubling during Wednesday’s trading session.\nOne indication that Workhorse is part of this group is its short interest. According to data from FactSet, 41% of its float is sold short. This means a very larger portion of investors — typically institutional investors — are betting the stock will decline. Traders targeting heavily-shorted stocks has been a hallmark of the meme-stock rally. For AMC and Bed Bath & Beyond 21% and 31% of shares are sold short, according to FactSet. If these heavily shorted stocks rally, it can cause a so-called short squeeze where those betting against the stock are forced to buy it to cut their losses.\nWhen downgrading Workhorse, Cowen kept all of its estimates the same, including its $13 target, which is 12% below where shares closed on Thursday.\nWorkhorse shares fell 9% during on Friday. The stock has shed 32% this year even with the recent spikes.\nLooking ahead, the firm said Workhorse has between nine and 12 months before competitive dynamics heat up. Ford and GM have outlined long-term electric vehicle development plans, while a host of start-ups are also emerging in the EV space.\n“Competition is increasing with several well capitalized companies entering in to the electric van market for last mile delivery applications,” analysts led by Jeffrey Osborne said. “We look to the balance of FY21 to see management begin to execute on its production targets in earnest and leverage its first to market advantage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":112945662,"gmtCreate":1622848984456,"gmtModify":1704192241647,"author":{"id":"3579657215684313","authorId":"3579657215684313","name":"Benly8","avatar":"https://static.tigerbbs.com/80f36222b1c1982caf217686d5a8431f","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":1,"crmLevelSwitch":1},"htmlText":"U call this a spike?&nbsp;","listText":"U call this a spike?&nbsp;","text":"U call this a spike?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/112945662","repostId":1123977724,"repostType":4,"repost":{"id":"1123977724","pubTimestamp":1622819745,"share":"https://www.laohu8.com/m/news/1123977724?lang=&edition=full","pubTime":"2021-06-04 23:15","market":"us","language":"en","title":"Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’","url":"https://stock-news.laohu8.com/highlight/detail?id=1123977724","media":"CNBC","summary":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Fri","content":"<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCowen downgrades Workhorse, calls latest move a ‘meme stock spike’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc."},"source_url":"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1123977724","content_text":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to market perform, saying there’s little near-term upside ahead for shares following the recent ascent.\n“We view shares as fairly valued following the recent rally which we view as not supported by fundamentals or company specific catalysts,” the firm said, adding that it sees “no major near term catalysts to buoy shares further.”\n\nThe electric vehicle’s stock spike comes as the so-called meme stocks have taken hold on Wall Street once again. If GameStop was the poster child of the Reddit-fueled rally earlier this year, this time around it’s AMC. The movie theater chain’s stock dipped 18% on Thursday, but it’s still up 96% for the week after nearly doubling during Wednesday’s trading session.\nOne indication that Workhorse is part of this group is its short interest. According to data from FactSet, 41% of its float is sold short. This means a very larger portion of investors — typically institutional investors — are betting the stock will decline. Traders targeting heavily-shorted stocks has been a hallmark of the meme-stock rally. For AMC and Bed Bath & Beyond 21% and 31% of shares are sold short, according to FactSet. If these heavily shorted stocks rally, it can cause a so-called short squeeze where those betting against the stock are forced to buy it to cut their losses.\nWhen downgrading Workhorse, Cowen kept all of its estimates the same, including its $13 target, which is 12% below where shares closed on Thursday.\nWorkhorse shares fell 9% during on Friday. The stock has shed 32% this year even with the recent spikes.\nLooking ahead, the firm said Workhorse has between nine and 12 months before competitive dynamics heat up. Ford and GM have outlined long-term electric vehicle development plans, while a host of start-ups are also emerging in the EV space.\n“Competition is increasing with several well capitalized companies entering in to the electric van market for last mile delivery applications,” analysts led by Jeffrey Osborne said. “We look to the balance of FY21 to see management begin to execute on its production targets in earnest and leverage its first to market advantage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":112948823,"gmtCreate":1622848767262,"gmtModify":1704192237765,"author":{"id":"3577610430427001","authorId":"3577610430427001","name":"1nu","avatar":"https://static.tigerbbs.com/15789a74f3eb14371af59c44a8f71041","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Help me like and comment:)","listText":"Help me like and comment:)","text":"Help me like and comment:)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/112948823","repostId":1123977724,"repostType":4,"repost":{"id":"1123977724","pubTimestamp":1622819745,"share":"https://www.laohu8.com/m/news/1123977724?lang=&edition=full","pubTime":"2021-06-04 23:15","market":"us","language":"en","title":"Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’","url":"https://stock-news.laohu8.com/highlight/detail?id=1123977724","media":"CNBC","summary":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Fri","content":"<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCowen downgrades Workhorse, calls latest move a ‘meme stock spike’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc."},"source_url":"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1123977724","content_text":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to market perform, saying there’s little near-term upside ahead for shares following the recent ascent.\n“We view shares as fairly valued following the recent rally which we view as not supported by fundamentals or company specific catalysts,” the firm said, adding that it sees “no major near term catalysts to buoy shares further.”\n\nThe electric vehicle’s stock spike comes as the so-called meme stocks have taken hold on Wall Street once again. If GameStop was the poster child of the Reddit-fueled rally earlier this year, this time around it’s AMC. The movie theater chain’s stock dipped 18% on Thursday, but it’s still up 96% for the week after nearly doubling during Wednesday’s trading session.\nOne indication that Workhorse is part of this group is its short interest. According to data from FactSet, 41% of its float is sold short. This means a very larger portion of investors — typically institutional investors — are betting the stock will decline. Traders targeting heavily-shorted stocks has been a hallmark of the meme-stock rally. For AMC and Bed Bath & Beyond 21% and 31% of shares are sold short, according to FactSet. If these heavily shorted stocks rally, it can cause a so-called short squeeze where those betting against the stock are forced to buy it to cut their losses.\nWhen downgrading Workhorse, Cowen kept all of its estimates the same, including its $13 target, which is 12% below where shares closed on Thursday.\nWorkhorse shares fell 9% during on Friday. The stock has shed 32% this year even with the recent spikes.\nLooking ahead, the firm said Workhorse has between nine and 12 months before competitive dynamics heat up. Ford and GM have outlined long-term electric vehicle development plans, while a host of start-ups are also emerging in the EV space.\n“Competition is increasing with several well capitalized companies entering in to the electric van market for last mile delivery applications,” analysts led by Jeffrey Osborne said. “We look to the balance of FY21 to see management begin to execute on its production targets in earnest and leverage its first to market advantage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4586127,"gmtCreate":1622853422721,"gmtModify":1663227985046,"authorId":3563875545226282,"author":{"id":3563875545226282,"authorId":3563875545226282,"name":"aalyn","avatar":"https://static.tigerbbs.com/a665f066b4aaca8c78e998356714d014","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":112948823,"type":1,"supId":4585570,"prevId":0,"content":"<u>haha</u>","text":"<u>haha</u>","html":"<u>haha</u>"},{"id":4585584,"gmtCreate":1622851663641,"gmtModify":1663227983046,"authorId":3582002202540727,"author":{"id":3582002202540727,"authorId":3582002202540727,"name":"luv2trade","avatar":"https://static.tigerbbs.com/bd9418c94c88a702c1158f4c6fc5c4ba","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":112948823,"type":1,"supId":4585570,"prevId":0,"content":"[Smile]","text":"[Smile]","html":"[Smile]"},{"id":4584968,"gmtCreate":1622849642772,"gmtModify":1663227979625,"authorId":3571747705728957,"author":{"id":3571747705728957,"authorId":3571747705728957,"name":"Timz","avatar":"https://static.tigerbbs.com/19e77b88776ef617e42d53d1b67fb8bb","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":112948823,"type":1,"supId":0,"prevId":0,"content":"Comment back please","text":"Comment back please","html":"Comment back please"},{"id":4585570,"gmtCreate":1622851637382,"gmtModify":1635336671792,"authorId":3581973193946918,"author":{"id":3581973193946918,"authorId":3581973193946918,"name":"onlyYou","avatar":"https://community-static.tradeup.com/news/0108e9ddac2049295967c2731569e0d5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":112948823,"type":1,"supId":0,"prevId":0,"content":"done","text":"done","html":"done"}],"langContent":"EN"},{"id":112915516,"gmtCreate":1622844332335,"gmtModify":1704192172367,"author":{"id":"3582060671348928","authorId":"3582060671348928","name":"Jerry79","avatar":"https://static.tigerbbs.com/c6ef33883e9e5d1bd98cafd01feb7dc0","vip":1,"crmLevel":1,"crmLevelSwitch":1},"htmlText":"Haha","listText":"Haha","text":"Haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/112915516","repostId":1123977724,"repostType":4,"repost":{"id":"1123977724","pubTimestamp":1622819745,"share":"https://www.laohu8.com/m/news/1123977724?lang=&edition=full","pubTime":"2021-06-04 23:15","market":"us","language":"en","title":"Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’","url":"https://stock-news.laohu8.com/highlight/detail?id=1123977724","media":"CNBC","summary":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Fri","content":"<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCowen downgrades Workhorse, calls latest move a ‘meme stock spike’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc."},"source_url":"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1123977724","content_text":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to market perform, saying there’s little near-term upside ahead for shares following the recent ascent.\n“We view shares as fairly valued following the recent rally which we view as not supported by fundamentals or company specific catalysts,” the firm said, adding that it sees “no major near term catalysts to buoy shares further.”\n\nThe electric vehicle’s stock spike comes as the so-called meme stocks have taken hold on Wall Street once again. If GameStop was the poster child of the Reddit-fueled rally earlier this year, this time around it’s AMC. The movie theater chain’s stock dipped 18% on Thursday, but it’s still up 96% for the week after nearly doubling during Wednesday’s trading session.\nOne indication that Workhorse is part of this group is its short interest. According to data from FactSet, 41% of its float is sold short. This means a very larger portion of investors — typically institutional investors — are betting the stock will decline. Traders targeting heavily-shorted stocks has been a hallmark of the meme-stock rally. For AMC and Bed Bath & Beyond 21% and 31% of shares are sold short, according to FactSet. If these heavily shorted stocks rally, it can cause a so-called short squeeze where those betting against the stock are forced to buy it to cut their losses.\nWhen downgrading Workhorse, Cowen kept all of its estimates the same, including its $13 target, which is 12% below where shares closed on Thursday.\nWorkhorse shares fell 9% during on Friday. The stock has shed 32% this year even with the recent spikes.\nLooking ahead, the firm said Workhorse has between nine and 12 months before competitive dynamics heat up. Ford and GM have outlined long-term electric vehicle development plans, while a host of start-ups are also emerging in the EV space.\n“Competition is increasing with several well capitalized companies entering in to the electric van market for last mile delivery applications,” analysts led by Jeffrey Osborne said. “We look to the balance of FY21 to see management begin to execute on its production targets in earnest and leverage its first to market advantage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4584186,"gmtCreate":1622845326900,"gmtModify":1663227975426,"authorId":3554959936968759,"author":{"id":3554959936968759,"authorId":3554959936968759,"name":"Ashish","avatar":"https://static.tigerbbs.com/3be2c16a3f991c655e70424d200c7389","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":112915516,"type":1,"supId":0,"prevId":0,"content":"why laughinh","text":"why laughinh","html":"why laughinh"}],"langContent":"EN"},{"id":112912967,"gmtCreate":1622844091159,"gmtModify":1704192169945,"author":{"id":"3575868096668855","authorId":"3575868096668855","name":"Kenjing","avatar":"https://static.tigerbbs.com/c8943963650fda38afb46a9fe04b592c","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/112912967","repostId":1123977724,"repostType":4,"repost":{"id":"1123977724","pubTimestamp":1622819745,"share":"https://www.laohu8.com/m/news/1123977724?lang=&edition=full","pubTime":"2021-06-04 23:15","market":"us","language":"en","title":"Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’","url":"https://stock-news.laohu8.com/highlight/detail?id=1123977724","media":"CNBC","summary":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Fri","content":"<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCowen downgrades Workhorse, calls latest move a ‘meme stock spike’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc."},"source_url":"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1123977724","content_text":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to market perform, saying there’s little near-term upside ahead for shares following the recent ascent.\n“We view shares as fairly valued following the recent rally which we view as not supported by fundamentals or company specific catalysts,” the firm said, adding that it sees “no major near term catalysts to buoy shares further.”\n\nThe electric vehicle’s stock spike comes as the so-called meme stocks have taken hold on Wall Street once again. If GameStop was the poster child of the Reddit-fueled rally earlier this year, this time around it’s AMC. The movie theater chain’s stock dipped 18% on Thursday, but it’s still up 96% for the week after nearly doubling during Wednesday’s trading session.\nOne indication that Workhorse is part of this group is its short interest. According to data from FactSet, 41% of its float is sold short. This means a very larger portion of investors — typically institutional investors — are betting the stock will decline. Traders targeting heavily-shorted stocks has been a hallmark of the meme-stock rally. For AMC and Bed Bath & Beyond 21% and 31% of shares are sold short, according to FactSet. If these heavily shorted stocks rally, it can cause a so-called short squeeze where those betting against the stock are forced to buy it to cut their losses.\nWhen downgrading Workhorse, Cowen kept all of its estimates the same, including its $13 target, which is 12% below where shares closed on Thursday.\nWorkhorse shares fell 9% during on Friday. The stock has shed 32% this year even with the recent spikes.\nLooking ahead, the firm said Workhorse has between nine and 12 months before competitive dynamics heat up. Ford and GM have outlined long-term electric vehicle development plans, while a host of start-ups are also emerging in the EV space.\n“Competition is increasing with several well capitalized companies entering in to the electric van market for last mile delivery applications,” analysts led by Jeffrey Osborne said. “We look to the balance of FY21 to see management begin to execute on its production targets in earnest and leverage its first to market advantage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4584767,"gmtCreate":1622848754996,"gmtModify":1635336753375,"authorId":3577610430427001,"author":{"id":3577610430427001,"authorId":3577610430427001,"name":"1nu","avatar":"https://static.tigerbbs.com/15789a74f3eb14371af59c44a8f71041","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":112912967,"type":1,"supId":0,"prevId":0,"content":"Help me like and comment:)","text":"Help me like and comment:)","html":"Help me like and comment:)"}],"langContent":"EN"},{"id":112938939,"gmtCreate":1622841988821,"gmtModify":1704192154879,"author":{"id":"3574547619690492","authorId":"3574547619690492","name":"UTOtrader","avatar":"https://static.tigerbbs.com/82be6befb29ac8516e463638d3f659d5","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Hahaha","listText":"Hahaha","text":"Hahaha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/112938939","repostId":1123977724,"repostType":4,"repost":{"id":"1123977724","pubTimestamp":1622819745,"share":"https://www.laohu8.com/m/news/1123977724?lang=&edition=full","pubTime":"2021-06-04 23:15","market":"us","language":"en","title":"Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’","url":"https://stock-news.laohu8.com/highlight/detail?id=1123977724","media":"CNBC","summary":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Fri","content":"<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCowen downgrades Workhorse, calls latest move a ‘meme stock spike’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc."},"source_url":"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1123977724","content_text":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to market perform, saying there’s little near-term upside ahead for shares following the recent ascent.\n“We view shares as fairly valued following the recent rally which we view as not supported by fundamentals or company specific catalysts,” the firm said, adding that it sees “no major near term catalysts to buoy shares further.”\n\nThe electric vehicle’s stock spike comes as the so-called meme stocks have taken hold on Wall Street once again. If GameStop was the poster child of the Reddit-fueled rally earlier this year, this time around it’s AMC. The movie theater chain’s stock dipped 18% on Thursday, but it’s still up 96% for the week after nearly doubling during Wednesday’s trading session.\nOne indication that Workhorse is part of this group is its short interest. According to data from FactSet, 41% of its float is sold short. This means a very larger portion of investors — typically institutional investors — are betting the stock will decline. Traders targeting heavily-shorted stocks has been a hallmark of the meme-stock rally. For AMC and Bed Bath & Beyond 21% and 31% of shares are sold short, according to FactSet. If these heavily shorted stocks rally, it can cause a so-called short squeeze where those betting against the stock are forced to buy it to cut their losses.\nWhen downgrading Workhorse, Cowen kept all of its estimates the same, including its $13 target, which is 12% below where shares closed on Thursday.\nWorkhorse shares fell 9% during on Friday. The stock has shed 32% this year even with the recent spikes.\nLooking ahead, the firm said Workhorse has between nine and 12 months before competitive dynamics heat up. Ford and GM have outlined long-term electric vehicle development plans, while a host of start-ups are also emerging in the EV space.\n“Competition is increasing with several well capitalized companies entering in to the electric van market for last mile delivery applications,” analysts led by Jeffrey Osborne said. “We look to the balance of FY21 to see management begin to execute on its production targets in earnest and leverage its first to market advantage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4583978,"gmtCreate":1622842600330,"gmtModify":1663227976837,"authorId":3570342809089528,"author":{"id":3570342809089528,"authorId":3570342809089528,"name":"phantom74","avatar":"https://static.tigerbbs.com/c87ef2af41b8696be86cceafb5b5723d","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":112938939,"type":1,"supId":0,"prevId":0,"content":"reply","text":"reply","html":"reply"}],"langContent":"EN"},{"id":112933805,"gmtCreate":1622841796407,"gmtModify":1704192152455,"author":{"id":"3576743360399762","authorId":"3576743360399762","name":"PooYen","avatar":"https://static.tigerbbs.com/90f2bad6620330727869f3a5a51a046a","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Please like and comment. Thanks. [Smile] [Smile] [Smile]&nbsp;","listText":"Please like and comment. Thanks. [Smile] [Smile] [Smile]&nbsp;","text":"Please like and comment. Thanks. [Smile] [Smile] [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/112933805","repostId":1123977724,"repostType":4,"repost":{"id":"1123977724","pubTimestamp":1622819745,"share":"https://www.laohu8.com/m/news/1123977724?lang=&edition=full","pubTime":"2021-06-04 23:15","market":"us","language":"en","title":"Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’","url":"https://stock-news.laohu8.com/highlight/detail?id=1123977724","media":"CNBC","summary":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Fri","content":"<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCowen downgrades Workhorse, calls latest move a ‘meme stock spike’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc."},"source_url":"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1123977724","content_text":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to market perform, saying there’s little near-term upside ahead for shares following the recent ascent.\n“We view shares as fairly valued following the recent rally which we view as not supported by fundamentals or company specific catalysts,” the firm said, adding that it sees “no major near term catalysts to buoy shares further.”\n\nThe electric vehicle’s stock spike comes as the so-called meme stocks have taken hold on Wall Street once again. If GameStop was the poster child of the Reddit-fueled rally earlier this year, this time around it’s AMC. The movie theater chain’s stock dipped 18% on Thursday, but it’s still up 96% for the week after nearly doubling during Wednesday’s trading session.\nOne indication that Workhorse is part of this group is its short interest. According to data from FactSet, 41% of its float is sold short. This means a very larger portion of investors — typically institutional investors — are betting the stock will decline. Traders targeting heavily-shorted stocks has been a hallmark of the meme-stock rally. For AMC and Bed Bath & Beyond 21% and 31% of shares are sold short, according to FactSet. If these heavily shorted stocks rally, it can cause a so-called short squeeze where those betting against the stock are forced to buy it to cut their losses.\nWhen downgrading Workhorse, Cowen kept all of its estimates the same, including its $13 target, which is 12% below where shares closed on Thursday.\nWorkhorse shares fell 9% during on Friday. The stock has shed 32% this year even with the recent spikes.\nLooking ahead, the firm said Workhorse has between nine and 12 months before competitive dynamics heat up. Ford and GM have outlined long-term electric vehicle development plans, while a host of start-ups are also emerging in the EV space.\n“Competition is increasing with several well capitalized companies entering in to the electric van market for last mile delivery applications,” analysts led by Jeffrey Osborne said. “We look to the balance of FY21 to see management begin to execute on its production targets in earnest and leverage its first to market advantage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4584771,"gmtCreate":1622848762025,"gmtModify":1663227977546,"authorId":3577610430427001,"author":{"id":3577610430427001,"authorId":3577610430427001,"name":"1nu","avatar":"https://static.tigerbbs.com/15789a74f3eb14371af59c44a8f71041","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":112933805,"type":1,"supId":0,"prevId":0,"content":"Help me like and comment:)","text":"Help me like and comment:)","html":"Help me like and comment:)"}],"langContent":"EN"},{"id":112930895,"gmtCreate":1622841581517,"gmtModify":1704192149350,"author":{"id":"3585038405943602","authorId":"3585038405943602","name":"Ahleepapa","avatar":"https://static.tigerbbs.com/dcc1fea9c38112b58c68a2d96017330b","vip":1,"crmLevel":1,"crmLevelSwitch":1},"htmlText":"Short squeezeddd","listText":"Short squeezeddd","text":"Short squeezeddd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/112930895","repostId":1123977724,"repostType":4,"repost":{"id":"1123977724","pubTimestamp":1622819745,"share":"https://www.laohu8.com/m/news/1123977724?lang=&edition=full","pubTime":"2021-06-04 23:15","market":"us","language":"en","title":"Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’","url":"https://stock-news.laohu8.com/highlight/detail?id=1123977724","media":"CNBC","summary":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Fri","content":"<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCowen downgrades Workhorse, calls latest move a ‘meme stock spike’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc."},"source_url":"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1123977724","content_text":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to market perform, saying there’s little near-term upside ahead for shares following the recent ascent.\n“We view shares as fairly valued following the recent rally which we view as not supported by fundamentals or company specific catalysts,” the firm said, adding that it sees “no major near term catalysts to buoy shares further.”\n\nThe electric vehicle’s stock spike comes as the so-called meme stocks have taken hold on Wall Street once again. If GameStop was the poster child of the Reddit-fueled rally earlier this year, this time around it’s AMC. The movie theater chain’s stock dipped 18% on Thursday, but it’s still up 96% for the week after nearly doubling during Wednesday’s trading session.\nOne indication that Workhorse is part of this group is its short interest. According to data from FactSet, 41% of its float is sold short. This means a very larger portion of investors — typically institutional investors — are betting the stock will decline. Traders targeting heavily-shorted stocks has been a hallmark of the meme-stock rally. For AMC and Bed Bath & Beyond 21% and 31% of shares are sold short, according to FactSet. If these heavily shorted stocks rally, it can cause a so-called short squeeze where those betting against the stock are forced to buy it to cut their losses.\nWhen downgrading Workhorse, Cowen kept all of its estimates the same, including its $13 target, which is 12% below where shares closed on Thursday.\nWorkhorse shares fell 9% during on Friday. The stock has shed 32% this year even with the recent spikes.\nLooking ahead, the firm said Workhorse has between nine and 12 months before competitive dynamics heat up. Ford and GM have outlined long-term electric vehicle development plans, while a host of start-ups are also emerging in the EV space.\n“Competition is increasing with several well capitalized companies entering in to the electric van market for last mile delivery applications,” analysts led by Jeffrey Osborne said. “We look to the balance of FY21 to see management begin to execute on its production targets in earnest and leverage its first to market advantage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4584091,"gmtCreate":1622844071659,"gmtModify":1663227975527,"authorId":3581082207694869,"author":{"id":3581082207694869,"authorId":3581082207694869,"name":"Trading Guru","avatar":"https://community-static.tradeup.com/news/765299bc38d48154b1dbbe7c431c8f70","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":112930895,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":112993917,"gmtCreate":1622839286339,"gmtModify":1704192139200,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://community-static.tradeup.com/news/0f24ae30fe15b912bbd0a0060a47c4fe","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"Like my comment&nbsp;","listText":"Like my comment&nbsp;","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/112993917","repostId":1123977724,"repostType":4,"repost":{"id":"1123977724","pubTimestamp":1622819745,"share":"https://www.laohu8.com/m/news/1123977724?lang=&edition=full","pubTime":"2021-06-04 23:15","market":"us","language":"en","title":"Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’","url":"https://stock-news.laohu8.com/highlight/detail?id=1123977724","media":"CNBC","summary":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Fri","content":"<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCowen downgrades Workhorse, calls latest move a ‘meme stock spike’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc."},"source_url":"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1123977724","content_text":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to market perform, saying there’s little near-term upside ahead for shares following the recent ascent.\n“We view shares as fairly valued following the recent rally which we view as not supported by fundamentals or company specific catalysts,” the firm said, adding that it sees “no major near term catalysts to buoy shares further.”\n\nThe electric vehicle’s stock spike comes as the so-called meme stocks have taken hold on Wall Street once again. If GameStop was the poster child of the Reddit-fueled rally earlier this year, this time around it’s AMC. The movie theater chain’s stock dipped 18% on Thursday, but it’s still up 96% for the week after nearly doubling during Wednesday’s trading session.\nOne indication that Workhorse is part of this group is its short interest. According to data from FactSet, 41% of its float is sold short. This means a very larger portion of investors — typically institutional investors — are betting the stock will decline. Traders targeting heavily-shorted stocks has been a hallmark of the meme-stock rally. For AMC and Bed Bath & Beyond 21% and 31% of shares are sold short, according to FactSet. If these heavily shorted stocks rally, it can cause a so-called short squeeze where those betting against the stock are forced to buy it to cut their losses.\nWhen downgrading Workhorse, Cowen kept all of its estimates the same, including its $13 target, which is 12% below where shares closed on Thursday.\nWorkhorse shares fell 9% during on Friday. The stock has shed 32% this year even with the recent spikes.\nLooking ahead, the firm said Workhorse has between nine and 12 months before competitive dynamics heat up. Ford and GM have outlined long-term electric vehicle development plans, while a host of start-ups are also emerging in the EV space.\n“Competition is increasing with several well capitalized companies entering in to the electric van market for last mile delivery applications,” analysts led by Jeffrey Osborne said. “We look to the balance of FY21 to see management begin to execute on its production targets in earnest and leverage its first to market advantage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4583901,"gmtCreate":1622841406247,"gmtModify":1663227977241,"authorId":3576371892942792,"author":{"id":3576371892942792,"authorId":3576371892942792,"name":"Gigachad","avatar":"https://static.tigerbbs.com/364a97d9d654c75693bbd29342d265f9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":112993917,"type":1,"supId":0,"prevId":0,"content":"Done, please like back","text":"Done, please like back","html":"Done, please like back"},{"id":4584092,"gmtCreate":1622844080685,"gmtModify":1663227976428,"authorId":3581082207694869,"author":{"id":3581082207694869,"authorId":3581082207694869,"name":"Trading Guru","avatar":"https://community-static.tradeup.com/news/765299bc38d48154b1dbbe7c431c8f70","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":112993917,"type":1,"supId":0,"prevId":0,"content":"pls like","text":"pls like","html":"pls like"}],"langContent":"EN"},{"id":112020383,"gmtCreate":1622826497942,"gmtModify":1704192070499,"author":{"id":"3576114766686283","authorId":"3576114766686283","name":"yagami00","avatar":"https://static.tigerbbs.com/1308dff6ba6fd183873772b3927192c2","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/112020383","repostId":1123977724,"repostType":4,"repost":{"id":"1123977724","pubTimestamp":1622819745,"share":"https://www.laohu8.com/m/news/1123977724?lang=&edition=full","pubTime":"2021-06-04 23:15","market":"us","language":"en","title":"Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’","url":"https://stock-news.laohu8.com/highlight/detail?id=1123977724","media":"CNBC","summary":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Fri","content":"<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCowen downgrades Workhorse, calls latest move a ‘meme stock spike’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc."},"source_url":"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1123977724","content_text":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to market perform, saying there’s little near-term upside ahead for shares following the recent ascent.\n“We view shares as fairly valued following the recent rally which we view as not supported by fundamentals or company specific catalysts,” the firm said, adding that it sees “no major near term catalysts to buoy shares further.”\n\nThe electric vehicle’s stock spike comes as the so-called meme stocks have taken hold on Wall Street once again. If GameStop was the poster child of the Reddit-fueled rally earlier this year, this time around it’s AMC. The movie theater chain’s stock dipped 18% on Thursday, but it’s still up 96% for the week after nearly doubling during Wednesday’s trading session.\nOne indication that Workhorse is part of this group is its short interest. According to data from FactSet, 41% of its float is sold short. This means a very larger portion of investors — typically institutional investors — are betting the stock will decline. Traders targeting heavily-shorted stocks has been a hallmark of the meme-stock rally. For AMC and Bed Bath & Beyond 21% and 31% of shares are sold short, according to FactSet. If these heavily shorted stocks rally, it can cause a so-called short squeeze where those betting against the stock are forced to buy it to cut their losses.\nWhen downgrading Workhorse, Cowen kept all of its estimates the same, including its $13 target, which is 12% below where shares closed on Thursday.\nWorkhorse shares fell 9% during on Friday. The stock has shed 32% this year even with the recent spikes.\nLooking ahead, the firm said Workhorse has between nine and 12 months before competitive dynamics heat up. Ford and GM have outlined long-term electric vehicle development plans, while a host of start-ups are also emerging in the EV space.\n“Competition is increasing with several well capitalized companies entering in to the electric van market for last mile delivery applications,” analysts led by Jeffrey Osborne said. “We look to the balance of FY21 to see management begin to execute on its production targets in earnest and leverage its first to market advantage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":116776588,"gmtCreate":1622821535844,"gmtModify":1704191981650,"author":{"id":"3572176137415007","authorId":"3572176137415007","name":"Abundance Thankful","avatar":"https://community-static.tradeup.com/news/3596d672dc89783cd009721d4bab5ddb","vip":1,"crmLevel":3,"crmLevelSwitch":1},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/116776588","repostId":1123977724,"repostType":4,"repost":{"id":"1123977724","pubTimestamp":1622819745,"share":"https://www.laohu8.com/m/news/1123977724?lang=&edition=full","pubTime":"2021-06-04 23:15","market":"us","language":"en","title":"Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’","url":"https://stock-news.laohu8.com/highlight/detail?id=1123977724","media":"CNBC","summary":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Fri","content":"<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCowen downgrades Workhorse, calls latest move a ‘meme stock spike’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc."},"source_url":"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1123977724","content_text":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to market perform, saying there’s little near-term upside ahead for shares following the recent ascent.\n“We view shares as fairly valued following the recent rally which we view as not supported by fundamentals or company specific catalysts,” the firm said, adding that it sees “no major near term catalysts to buoy shares further.”\n\nThe electric vehicle’s stock spike comes as the so-called meme stocks have taken hold on Wall Street once again. If GameStop was the poster child of the Reddit-fueled rally earlier this year, this time around it’s AMC. The movie theater chain’s stock dipped 18% on Thursday, but it’s still up 96% for the week after nearly doubling during Wednesday’s trading session.\nOne indication that Workhorse is part of this group is its short interest. According to data from FactSet, 41% of its float is sold short. This means a very larger portion of investors — typically institutional investors — are betting the stock will decline. Traders targeting heavily-shorted stocks has been a hallmark of the meme-stock rally. For AMC and Bed Bath & Beyond 21% and 31% of shares are sold short, according to FactSet. If these heavily shorted stocks rally, it can cause a so-called short squeeze where those betting against the stock are forced to buy it to cut their losses.\nWhen downgrading Workhorse, Cowen kept all of its estimates the same, including its $13 target, which is 12% below where shares closed on Thursday.\nWorkhorse shares fell 9% during on Friday. The stock has shed 32% this year even with the recent spikes.\nLooking ahead, the firm said Workhorse has between nine and 12 months before competitive dynamics heat up. Ford and GM have outlined long-term electric vehicle development plans, while a host of start-ups are also emerging in the EV space.\n“Competition is increasing with several well capitalized companies entering in to the electric van market for last mile delivery applications,” analysts led by Jeffrey Osborne said. “We look to the balance of FY21 to see management begin to execute on its production targets in earnest and leverage its first to market advantage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4583900,"gmtCreate":1622841389215,"gmtModify":1663227975840,"authorId":3576371892942792,"author":{"id":3576371892942792,"authorId":3576371892942792,"name":"Gigachad","avatar":"https://static.tigerbbs.com/364a97d9d654c75693bbd29342d265f9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":116776588,"type":1,"supId":0,"prevId":0,"content":"Such wow","text":"Such wow","html":"Such wow"},{"id":4583050,"gmtCreate":1622825013203,"gmtModify":1663227971747,"authorId":3571374794365493,"author":{"id":3571374794365493,"authorId":3571374794365493,"name":"RichardChan","avatar":"https://static.tigerbbs.com/64d5734e0b23f1d7188c4305c41dbc4b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":116776588,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":116762565,"gmtCreate":1622819866457,"gmtModify":1704191926365,"author":{"id":"3577941402391013","authorId":"3577941402391013","name":"Assassin008","avatar":"https://static.tigerbbs.com/c5e965d5831434de6e47ab643e2a8812","vip":1,"crmLevel":8,"crmLevelSwitch":1},"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/116762565","repostId":1123977724,"repostType":4,"repost":{"id":"1123977724","pubTimestamp":1622819745,"share":"https://www.laohu8.com/m/news/1123977724?lang=&edition=full","pubTime":"2021-06-04 23:15","market":"us","language":"en","title":"Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’","url":"https://stock-news.laohu8.com/highlight/detail?id=1123977724","media":"CNBC","summary":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Fri","content":"<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cowen downgrades Workhorse, calls latest move a ‘meme stock spike’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCowen downgrades Workhorse, calls latest move a ‘meme stock spike’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc."},"source_url":"https://www.cnbc.com/2021/06/04/cowen-downgrades-workhorse-calls-latest-move-a-meme-stock-spike.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1123977724","content_text":"Workhorse Group’s 57% jump this week is due to a “meme stock spike” and nothing else, Cowen said Friday in a note to clients while downgrading the stock.\nThe firm cut its rating from outperform to market perform, saying there’s little near-term upside ahead for shares following the recent ascent.\n“We view shares as fairly valued following the recent rally which we view as not supported by fundamentals or company specific catalysts,” the firm said, adding that it sees “no major near term catalysts to buoy shares further.”\n\nThe electric vehicle’s stock spike comes as the so-called meme stocks have taken hold on Wall Street once again. If GameStop was the poster child of the Reddit-fueled rally earlier this year, this time around it’s AMC. The movie theater chain’s stock dipped 18% on Thursday, but it’s still up 96% for the week after nearly doubling during Wednesday’s trading session.\nOne indication that Workhorse is part of this group is its short interest. According to data from FactSet, 41% of its float is sold short. This means a very larger portion of investors — typically institutional investors — are betting the stock will decline. Traders targeting heavily-shorted stocks has been a hallmark of the meme-stock rally. For AMC and Bed Bath & Beyond 21% and 31% of shares are sold short, according to FactSet. If these heavily shorted stocks rally, it can cause a so-called short squeeze where those betting against the stock are forced to buy it to cut their losses.\nWhen downgrading Workhorse, Cowen kept all of its estimates the same, including its $13 target, which is 12% below where shares closed on Thursday.\nWorkhorse shares fell 9% during on Friday. The stock has shed 32% this year even with the recent spikes.\nLooking ahead, the firm said Workhorse has between nine and 12 months before competitive dynamics heat up. Ford and GM have outlined long-term electric vehicle development plans, while a host of start-ups are also emerging in the EV space.\n“Competition is increasing with several well capitalized companies entering in to the electric van market for last mile delivery applications,” analysts led by Jeffrey Osborne said. “We look to the balance of FY21 to see management begin to execute on its production targets in earnest and leverage its first to market advantage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4826197,"gmtCreate":1623889719171,"gmtModify":1663229098739,"authorId":3581499471975307,"author":{"id":3581499471975307,"authorId":3581499471975307,"name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":116762565,"type":1,"supId":0,"prevId":0,"content":"Good","text":"Good","html":"Good"},{"id":4582218,"gmtCreate":1622820485235,"gmtModify":1663227963629,"authorId":3577410704972127,"author":{"id":3577410704972127,"authorId":3577410704972127,"name":"Darren Kiew","avatar":"https://static.tigerbbs.com/e155c18a91861d7e129dda1c8ca5fed8","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":116762565,"type":1,"supId":0,"prevId":0,"content":"Like and comment back. ","text":"Like and comment back. ","html":"Like and comment back. "}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":83,"commentSize":15,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}