Quantumscape Corp (NYSE:QS) is trading higher Thursday morning. The stock has gained sharply this week following the announcement of a strategic partnership with Corning.
What To Know: The collaboration aims to accelerate the commercialization of QuantumScape’s next-generation solid-state lithium-metal batteries by developing ceramic separator manufacturing capabilities. The goal is to achieve high-volume production of the ceramic separators, a critical component of the battery technology.
The news builds on recent positive momentum for QuantumScape, whose stock has gained over 160% year-to-date. The company’s progress is underscored by its proprietary solid-state technology and a successful demonstration of its batteries in a Volkswagen vehicle.
Benzinga Edge Rankings: According to Benzinga Edge rankings, the stock’s strong performance is reflected in a powerful Momentum score of 97.56.
QS Price Action: QuantumScape shares were up 3.15% at $15.05 at the time of publication Thursday, according to Benzinga Pro. The stock is trading near its 52-week high of $15.03.
The stock is above its 50-day moving average of $9.80, indicating a bullish trend. Key resistance is observed near the 52-week high of $15.03, while support is likely at the 50-day moving average.
Read Also: QuantumScape, Applovin Among Russell 1000’s Top Q3 Winners
How To Buy QS Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in QuantumScape’s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
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