Why QuantumScape Stock Plunged to 52-Week Lows This Week
QuantumScape (NYSE: QS) stock may have rebounded Friday, but that's only after the stock plunged to 52-week lows earlier in the week. The electric vehicle (EV) battery stock was still down 13% through the week as of 2 p.m. ET Friday, according to data provided by S&P Global Market Intelligence. QuantumScape stock is now a whopping 93% off its all-time highs hit in December 2020, just days after the company went public.