Why QuantumScape Stock Is Plummeting Today
On the heels of explosive gains this week, QuantumScape (NYSE: QS) stock is seeing a big sell-off on Friday. The company's share price was down 15.7% as of 3 p.m. ET.QuantumScape's valuation is falling today as investors move to take profits following big gains kicked off by the announcement of major manufacturing progress earlier this week. Even with today's pullback, the stock is up roughly 50% over the last week of trading as of this writing.Image source: Getty Images.Continue reading
On the heels of explosive gains this week, QuantumScape (NYSE: QS) stock is seeing a big sell-off on Friday. The company's share price was down 15.7% as of 3 p.m. ET.
QuantumScape's valuation is falling today as investors move to take profits following big gains kicked off by the announcement of major manufacturing progress earlier this week. Even with today's pullback, the stock is up roughly 50% over the last week of trading as of this writing.
Image source: Getty Images.
