QuantumScape (QS) Drops 8% on Lack of Leads

Core Insights - QuantumScape Corp. (NYSE:QS) experienced a significant drop in share prices, falling by 7.98% to close at $14.64, as investors awaited catalysts to stimulate buying interest [1][2] - The company announced a narrowing of its net loss in Q3, reducing it by 11.5% to $105.8 million from $119.6 million year-on-year [3][4] - Following the earnings report, TD Cowen raised QuantumScape's price target to $16 from a previous $5, indicating a 9% upside potential based on the latest closing price [4] Trading Performance - QuantumScape's stock performance aligned with the broader market, which showed a lackluster performance as investors remained cautious ahead of potential government shutdown developments [2] - The company's chief legal officer sold over 178,000 shares last week, which may have contributed to the selling pressure [2] Financial Performance - The loss from operations decreased by 11.6% to $114.99 million compared to $130.16 million in the same quarter last year [4]