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Why Quantum Shares Are Trading Lower By 45%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Benzinga ·  Jun 18 13:39

Shares ofQuantum Corporation(NASDAQ:QMCO) fell sharply during Tuesday's session after the company reported worse-than-expected FY24 financial results and issued FY25 guidance below estimates.

Quantum shares dipped 44.5% to $0.43 on Tuesday.

Here are some other stocks moving in today's mid-day session.

Gainers

  • Reliance Global Group, Inc. (NASDAQ:RELI) shares jumped 350% to $1.00 after the company issued an update on the pending acquisition of Spetner Associates.
  • NLS Pharmaceutics AG(NASDAQ:NLSP) shares rose 166% to $0.3930 after jumping 30% on Monday.
  • Actelis Networks, Inc. (NASDAQ:ASNS) climbed 80.9% to $2.08 after the company announced a partnership with Carahsoft Technology Corp.
  • Comtech Telecommunications Corp. (NASDAQ...
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