QuantumScape (QS) Up Slightly Since Jim Cramer Advised Selling The Stock

QuantumScape Corporation (NASDAQ:QS) is one of the 20 Stocks Jim Cramer Wanted You To Sell & Immediately Get Out Of. QuantumScape Corporation (NASDAQ:QS) is a solid-state battery technology company. Its shares are up by 55% over the past year and are down by 43% year-to-date. June 26th was a particularly notable day for QuantumScape Corporation (NASDAQ:QS)’s stock as it closed the session 34.9% higher. On June 24th, the firm announced that it managed to integrate its Cobra separator process into its solid-state lithium-metal battery production. Yet, the close on the 26th would be far from the only major movement in the shares as they surged by another 141% to close at $18.44 on October 31st. On October 23rd, QuantumScape Corporation (NASDAQ:QS)’s shares closed 7.9% higher. The firm had reported its earnings for the third quarter on the 22nd. The results saw QuantumScape Corporation (NASDAQ:QS) post $12.8 million in first-quarter billings and $61.3 million in operating losses. Here is what Cramer had said about the firm in January on Mad Money:

“I, you know, I, look, I don’t want to be too negative, but I’ve kind of had a Quantum escape. I don’t think they’ve got the, I don’t think they have the horses. I would be a seller of Quantumscape even right at this level. Have to say it.”

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