QuantumScape ( (QS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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QuantumScape’s stock price surged due to increased investor interest, as evidenced by a bullish option flow and higher trading volumes. This excitement was fueled by the company’s new partnership with Corning to enhance manufacturing capabilities for its solid-state battery technology, aiming for high-volume production. The market is also buzzing with anticipation ahead of QuantumScape’s upcoming earnings report, despite mixed options sentiment.
More about QuantumScape
YTD Price Performance: 122.38%
Average Trading Volume: 43,914,384
Technical Sentiment Signal: Buy
Current Market Cap: $7.01B
For further insights into QS stock on TipRanks’ Stock Analysis page.
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