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Why QuantumScape Shares Popped Friday

TheMotleyFool 
0 0 01.12.23
Why QuantumScape Shares Popped FridayPhoto, wide shot, wide-angle lens, soft focus, Car rental company, sunset photo at golden hour, photo by Art Wolfe: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-Ew7cRec38UnlyYzs41FVEri5.png?st=2023-12-29T14%3A03%3A41Z&se=2023-12-29T16%3A03%3A41Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-12-29T15%3A03%3A25Z&ske=2023-12-30T15%3A03%3A25Z&sks=b&skv=2021-08-06&sig=vZPI3wL5I%2BC5Zknik6hYtwmYdTdsE1ct/DM1evRA8EI%3D
 

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.

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Source Fool.com

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