Quantum Corporation (QTM) : Traders are bullish on Quantum Corporation (QTM) as it has outperformed the S&P 500 by a margin of 6.89% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 12.45%, 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 13.14% in the last 1 week, and is up 14.12% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Quantum Corporation (NYSE:QTM): The stock opened at $0.51 on Friday but the bulls could not build on the opening and the stock topped out at $0.53 for the day. The stock traded down to $0.51 during the day, due to lack of any buying support eventually closed down at $0.52 with a loss of -1.44% for the day. The stock had closed at $0.52 on the previous day. The total traded volume was 783,074 shares.
The stock has recorded a 20-day Moving Average of 17.18% and the 50-Day Moving Average is 19.71%. Quantum Corporation is up 9.57% in the last 3-month period. Year-to-Date the stock performance stands at -44.62%.
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.