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Benzinga
Benzinga
Business
Henry Khederian

QuantumScape (QS) Stock Is Sliding Monday: What's Investors Need To Know

QuantumScape QS QuantumScape Corp
QuantumScapeQSE-5-and-A0-Prototype-2

Shares of solid-state battery developer QuantumScape Corp (NYSE:QS) are trading lower on Monday, pulling back from a recent surge despite no new company-specific catalysts for the session. The downturn follows a period of strong gains that pushed the stock to a new 52-week high last Tuesday, suggesting a technical correction may be underway.

What To Know: The preceding rally was driven by significant operational progress. In late June, the company announced its "Cobra" process, a manufacturing breakthrough poised to increase the production speed of its proprietary ceramic separators 25-fold.

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