5 Reddit Stocks that Flopped in 2021

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In this article, we discuss the 5 Reddit stocks that flopped in 2021. If you want to read our detailed analysis of these stocks, go directly to the 10 Reddit Stocks that Flopped in 2021.

5. Workhorse Group Inc. (NASDAQ:WKHS)

Number of Hedge Fund Holders: 11  

Year-to-Date Decline in Share Price: 70%  

Workhorse Group Inc. (NASDAQ:WKHS) is a technology company that markets battery-electric vehicles. The stock has fallen sharply since the beginning of November amid reports that the company is under investigation by the Department of Justice and the Securities and Exchange Commission. 

Workhorse Group Inc. (NASDAQ:WKHS) missed market expectations on earnings for the third quarter. DA Davidson, Cowen, and B Riley have all lowered their price targets on the stock to reflect the negative sentiment around the firm. 

At the end of the third quarter of 2021, 11 hedge funds in the database of Insider Monkey held stakes worth $17 million in Workhorse Group Inc. (NASDAQ:WKHS), down from 13 in the preceding quarter worth $60 million.

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