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QuantumScape's stock is near a 52-week low. The company has garnered interest from a number of major automotive manufacturers.
Bank of New York Mellon Corp bought a new position in QuantumScape Corporation (NYSE: QS) in the undefined quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,272,329 shares of the company's stock, valued at approximately $9,619,000. Bank of New York Mellon Corp owned about
QuantumScape doesn't expect to commercialize its first batteries until 2029. Other automakers and start-ups could beat it to the finish line.
The transaction involved 12,723 shares at a weighted average price of $6.01, resulting in a total value of approximately $76,465. This disposition involved shares equal to 100% of the indirect Class A stake held before the transaction.
QuantumScape (NYSE:QS | QS Price Prediction) and SoundHound AI (NASDAQ:SOUN) both went public during the 2020 to 2022 market boom through special purpose acquisition companies (SPACs) rather than a traditional IPO, and they share striking similarities in their business models and market positioning, despite operating in different markets.
The executive disposed of 34,304 shares at $5.74 per share on August 18 for a total value of about $196,905. The transaction reduced Singh's direct equity position by just 2%.
The disposition involved 25,709 shares at $5.74 per share, representing a total transaction value of about $147,570. The transaction reduced the executive's total equity holdings by 2% as of August 18.
The disposal of 31,095 shares at $5.74 per share represents a total value of about $179,000 as of the August 18 transaction date. The disposition was non-discretionary, executed to cover tax obligations associated with the release of restricted stock units.