Why QuantumScape Stock Plummeted This Week
QuantumScape (NYSE: QS) stock got hit with a massive pullback over the last week of trading. The company's share price ended this Friday's session down 31% from the previous week's market close.
QuantumScape started this week's trading with strong bearish momentum connected to new analyst coverage from Goldman Sachs. The company's share price saw another big negative catalyst at the end of the week after new macroeconomic developments prompted big valuation pullbacks for speculative growth stocks.
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Source Fool.com
