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Benzinga

Business

Mark Putrino

Stock Of The Day: Which Way Will QuantumScape Trend?

QuantumScape NYSE Corning Incorporated GLW QuantumScape Corporation

QuantumScape

Trading in QuantumScape Corporation (NYSE:QS) is subdued on Thursday, but this wasn't the case on Wednesday. The shares soared more than 18% after the company announced a strategic partnership with Corning Incorporated (NYSE:GLW).

Now QuantumScape is at an important price level. As you can see on the chart, the last time the stock reached $14.70 it reversed and went lower. Now it is back to this level again, and the same thing may happen. This is why QuantumScape is our Stock of the Day.

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