10 Stocks Suffer Heavy Selling Pressure

6. QuantumScape Corp. (NYSE:QS)

QuantumScape dropped its share prices by 7.98 percent to close at $14.64 apiece, as investors parked funds while waiting for more catalysts to boost buying appetite.

QuantumScape Corp. (NYSE:QS) traded in line with the broader market, which ended with a lackluster performance on the same day, with investors staying on the sidelines ahead of concrete developments on the government shutdown.

In other news, QuantumScape Corp. (NYSE:QS) announced on the same day that its chief legal officer, Michael McCarthy III, disposed of more than 178,000 shares in the company last week.

Earlier, QuantumScape Corp. (NYSE:QS) announced an impressive earnings performance in the third quarter of the year, having narrowed its net loss by 11.5 percent to $105.8 million from $119.6 million in the same period last year.

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

Following the results, the company received a higher price target of $16 from TD Cowen, versus the $5 previously. Based on its latest closing price, the new target still marks a 9 percent upside potential.