Why Shares of QuantumScape Shot Higher in December

Shares of QuantumScape (NYSE: QS) gained 79.7% in December, according to data provided by S&P Global Market Intelligence, as excitement grew over the newly public electric vehicle battery manufacturer. That number actually undersells the enthusiasm surrounding QuantumScape during the month, with the stock up as much as 180% at one point mid-month.

QS data by YCharts

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Source Fool.com