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Trump tweet sends penny stock Workhorse surging by more than 180%, crashes website
A tweet by President Donald Trump sent shares of penny stock Workhorse soaring Wednesday. Shares of the Ohio-based automaker, which makes electric vehicles, jumped more than 150%. The stock was last trading at around $2.35 after opening at 82 cents on Wednesday. Workhorse has a market value of just $109 million. In a tweet Wednesday, the president said that General Motors CEO Mary Barra informed him that GM would sell its shuttered Lordstown manufacturing plant to Workhorse to build electric trucks. GM later clarified that it is still in talks about a potential sale of the Warren, Ohio-based plant. Trading in stocks ... (full story)