![]() Must, without a doubt, control their emotional purchasing and selling impulses, which can be triggered by market ups and downs, FOMO, and other factors.” “In fact, nostalgia or sentimentality plays a minor role in the steady rise of AMC, GameStop, and other meme stocks and is more a result of high levels of liquidity in the financial system and pandemic factors than a cause,” Maxim said. This is a business that’s a far cry from the aforementioned firms that were likely to be a key fixture in the formative years of the ongoing new wave of US retail investors growing up, but Maxim believes that the lack of nostalgia connecting investors to In addition, the company is working on real-time, cloud-based telematics performance monitoring systems to help vehicle fleet operators optimize energy and route efficiency.” Representing a Different Proposition to GME & AMCĪlthough WKHS has experienced a range of meme-based rallies in recent months, it’s a stock that’s fundamentally different from the likes of GME, AMC andīlackBerry, all of which have seen significant price increases occur across 2021.Īs the chart above shows, these stocks belonging to companies that have generally struggled to adapt to digital acceleration have all significantly outperformed the S&P 500 in 2021, but Workhorse represents a different proposition entirely.Īs Maxim Manturov of Freedom Finance Europe, who identified WKHS as a key potential meme stock for the future acknowledges, Workhorse Group “is a technology company based in the United States that designs, manufactures,īuilds, and markets battery electric vehicles and aircraft. Workhorse’s price history shows that the EV firm is no stranger to significant rallies in recent years, so could WKHS be ready for another pump in the near future? WKHS to dip to what’s likely to be an attractive price for meme investors to pick the stock up. This decline in share value has largely been attributed to various setbacks that the company’s experienced throughout the year, but this has enabled With shares climbing some 1,200% at their peak in 2021 compared to their 2020 opening price, there appears to be some indication that the best is yet to come for the popular electric vehicleįollowing its seismic rally in late January and early February this year, Workhorse had shown signs of a revival in June, climbing around 91% from its mid-May lows before shrinking to a price of $7.41 that hasn’t been seen since the summer of 2020.Īs we can see from its price chart, Workhorse is now trading at similar prices to its 2016 stock values. GameStop and AMC and undergo a sizable rally as a meme stock. Workhorse Group has become one of many stocks to follow in the footsteps of ![]()
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