QuantumScape (QS) Drops 8% on Lack of Leads

We precocious published 10 Stocks Suffer Heavy Selling Pressure. QuantumScape Corp. (NYSE:QS) is 1 of the worst-performing stocks connected Wednesday.

QuantumScape dropped its stock prices by 7.98 percent to adjacent astatine $14.64 apiece, arsenic investors parked funds portion waiting for much catalysts to boost buying appetite.

QuantumScape Corp. (NYSE:QS) traded successful enactment with the broader market, which ended with a lackluster show connected the aforesaid day, with investors staying connected the sidelines up of factual developments connected the authorities shutdown.

In different news, QuantumScape Corp. (NYSE:QS) announced connected the aforesaid time that its main ineligible officer, Michael McCarthy III, disposed of much than 178,000 shares successful the institution past week.

Earlier, QuantumScape Corp. (NYSE:QS) announced an awesome net show successful the 3rd 4th of the year, having narrowed its nett nonaccomplishment by 11.5 percent to $105.8 cardinal from $119.6 cardinal successful the aforesaid play past year.

Photo by Kumpan Electric connected Unsplash

Loss from operations dwindled by 11.6 percent to $114.99 cardinal from $130.16 cardinal year-on-year.

Following the results, the institution received a higher terms people of $16 from TD Cowen, versus the $5 previously. Based connected its latest closing price, the caller people inactive marks a 9 percent upside potential.

While we admit the imaginable of QS arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.