Intel stock extends gains after report of possible U.S. government stake
Michael O. McCarthy III, the Chief Legal Officer of QuantumScape Corp (NYSE:QS), recently executed a notable stock transaction. On February 21, McCarthy sold 76,315 shares of QuantumScape’s Class A Common Stock at a weighted average price of $5.2312 per share, totaling approximately $399,219. This transaction reduced his total holdings to 1,010,523 shares. The sale occurred near the stock’s current trading price of $5.18, with InvestingPro data showing significant price volatility over the past year, ranging from $4.65 to $9.52.
Additionally, McCarthy disposed of shares to cover tax obligations related to the release of restricted stock units (RSUs) and performance restricted stock units (PSUs) on February 19 and 20. These transactions involved a total of 42,882 shares at weighted average prices ranging from $5.1215 to $5.2685, amounting to $224,847. According to InvestingPro analysis, QuantumScape maintains strong liquidity with a current ratio of 14.21 and holds more cash than debt on its balance sheet. Discover more insights with InvestingPro’s comprehensive research report, featuring detailed analysis of QS and 1,400+ other stocks.
QuantumScape, headquartered in San Jose, California, is a company focused on developing next-generation solid-state lithium-metal batteries for electric vehicles. While the company maintains a solid balance sheet, InvestingPro data indicates analysts don’t expect profitability this year, with the company currently showing an EBITDA of -$467.43 million for the last twelve months.
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