QuantumScape (QS) Hits New All-Time High Again on 8th Day of Rally

We recently published Wall Street Shockers: 10 Stocks on Sky High. QuantumScape Corporation (NYSE:QS) is one of the top-performing companies on Thursday.

QuantumScape extended its winning streak to an eighth consecutive day to hit a new all-time high as investors continued to gobble up shares ahead of its looming second-quarter earnings performance.

At intra-day trading on Thursday, QuantumScape Corporation (NYSE:QS) rallied to a new 52-week high of $13.79 before paring gains to end the day just up by 19.82 percent at $13.6 apiece.

QuantumScape Corporation (NYSE:QS) marks one of the early birds in the second quarter earnings season, having scheduled the release of its results on Wednesday, July 23, after the market close. The release will be followed by a conference call at 5 PM Eastern Time.

Earlier this year, QuantumScape Corporation (NYSE:QS) announced that it was budgeting between $45 million and $75 million in capital expenditures this year, and reiterated its adjusted EBITDA loss of $250 million to $280 million for the same period.

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Disclosure: None. This article is originally published at Insider Monkey.