Quantum Corporation (QTM) : Traders are bullish on Quantum Corporation (QTM) as it has outperformed the S&P 500 by a wide margin of 40.72% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 18.53%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 18.45% in the last 1 week, and is up 45.45% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 29.05% and the 50-Day Moving Average is 37.55%. Quantum Corporation is up 32.61% in the last 3-month period. Year-to-Date the stock performance stands at -34.41%.
Quantum Corporation (NYSE:QTM): On Fridays trading session , Opening price of the stock was $0.6004 with an intraday high of $0.6499. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $0.6004. However, the stock managed to close at $0.61, a loss of 0.57% for the day. On the previous day, the stock had closed at $0.6135. The total traded volume of the day was 1,359,652 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.