Why QuantumScape Stock Rose Monday
Shares of battery technology company QuantumScape (NYSE: QS) jumped double digits Monday before paring some of those gains. The stock was still up 5.4% as of 3:20 p.m. EST.
As a reminder of how volatile speculative names like this can be, the rebound comes after a nearly 30% drop over the past two weeks.
Today's move wasn't caused by any company-specific news. In fact, there really isn't expected to be important news from the company for some time. Investors are closely monitoring the company as it aims to commercialize its solid-state battery technology. But work is still in the laboratory phase, and QuantumScape itself has said not to expect final results for several years.
Source Fool.com
