Why QuantumScape Stock Is Higher Today

Shares of QuantumScape (NYSE: QS) were moving higher on Wednesday, as the company's stock price continued to recover after beginning 2021 with an abrupt 40% fall on Monday.

As of 2:15 p.m. EST, QuantumScape's shares were up about 19.4% from Tuesday's closing price.

QuantumScape has given investors a wild ride since it went public following a merger in November 2020. After gaining almost 80% in December, the stock shed over 40% of its value in Monday's surprise sell-off, recovering somewhat on Tuesday and Wednesday.

Source Fool.com