Quantum Corporation (NYSE:QTM) has tumbled 0.2% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 12.56% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1% and the outperformance has advanced to 11.53% for the last 4 weeks period.
Quantum Corporation (NYSE:QTM): The stock opened at $0.45 on Friday but the bulls could not build on the opening and the stock topped out at $0.47 for the day. The stock traded down to $0.43 during the day, due to lack of any buying support eventually closed down at $0.45 with a loss of -0.33% for the day. The stock had closed at $0.45 on the previous day. The total traded volume was 2,352,666 shares.
The company shares have dropped -76.19% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $1.90 and the one year low was seen on May 4, 2016. The 50-Day Moving Average price is $0.43 and the 200 Day Moving Average price is recorded at $0.58.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (SVP, StorNext Solutions) of Quantum Corp /De/, Stedman Geoff G. had purchased shares worth of $8,700 in a transaction dated on November 19, 2015. A total of 10,000 shares were purchased at a price of $0.87 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Currently the company Insiders own 8.18% of Quantum Corporation shares according to the proxy statements. Institutional Investors own 64.64% of Quantum Corporation shares.
Quantum Corporation (Quantum) is engaged in providing solutions in scale-out storage, archive and data protection. The Company provides solutions for capturing, sharing and preserving digital assets over the entire data lifecycle. The Company provides solutions for storing and protecting information in physical, virtual and cloud environments. The Companys scale-out storage portfolio includes StorNext software, appliances and systems called StorNext Pro Solutions, as well as Lattus extended online storage and Q-Cloud Archive services. StorNext 5 includes the streaming file system and policy-based tiering for automatically moving data across primary storage, online storage, tape archive and the cloud. The Company has portfolio of data protection solutions for physical, virtual and cloud environments. This includes its DXi deduplication systems, Scalar automated tape libraries and vmPRO virtual server backup software. It offers a Q-Cloud service for data center customers.