Quantum Corporation (QTM) : Traders are bullish on Quantum Corporation (QTM) as it has outperformed the S&P 500 by a wide margin of 23.8% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 9.27%, 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 9.23% in the last 1 week, and is up 24.27% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Quantum Corporation is up 60% in the last 3-month period. Year-to-Date the stock performance stands at -31.18%. The stock has recorded a 20-day Moving Average of 8.47% and the 50-Day Moving Average is 27.85%.
Quantum Corporation (NYSE:QTM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.62 and $0.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.64, notching a gain of 3.49% for the day. The total traded volume was 837,920 . The stock had closed at $0.62 on the previous day.
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.