Why QuantumScape Shares Popped Friday
The stock market is starting December on a bullish note, and so is the stock of electric vehicle (EV) battery maker QuantumScape (NYSE: QS). Today's jump of 6.2% as of 2:50 p.m. ET tops off a big week for QuantumScape shares.
Yet those gains are coming after an avalanche of stock sales by QuantumScape officers.
QuantumScape reported its third-quarter results on Oct. 25. When the window for insiders reopened after that announcement, there has been a flood of selling by QuantumScape officers between Nov. 8 and Nov. 29.
Source Fool.com
