QuantumScape shares are trading lower after Wolfe Research downgraded the stock from Peer Perform to Underperform.
Portfolio Pulse from Benzinga Newsdesk
QuantumScape's stock has been downgraded by Wolfe Research from Peer Perform to Underperform, causing the shares to trade lower.
June 08, 2023 | 5:00 pm
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NEGATIVE IMPACT
QuantumScape's stock has been downgraded by Wolfe Research, leading to a decline in share prices.
The downgrade by Wolfe Research from Peer Perform to Underperform indicates a negative outlook for QuantumScape's stock. This directly impacts the stock price, causing it to trade lower in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100