Why Did QuantumScape Stock Rocket Higher Today?
At its high of the morning, QuantumScape (NASDAQ: QS) stock had soared as much as 32%. That came after the company provided its first-quarter update. Shares couldn't hold that gain, however, and were just 4.7% higher as of 11:23 a.m. ET.
That raises questions about why it rocketed higher in the first place and why some investors sold on that price spike. There are good reasons for both.
Image source: The Motley Fool.
Source Fool.com
