Why QuantumScape Shares Are Moving Today

Quantumscape Corp QS shares are trading higher by 2% at $29 Thursday morning after the company announced it's set to join the broad-market Russell 3000 Index RUA and Russell 1000 Index RUI.

QuantumScape engages in the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications.

The company was founded in 2010 and is headquartered in San Jose, California.

QuantumScape has a 52-week high of $132.73 and a 52-week low of $9.74.