Why Quantum Shares Are Trading Lower By 45%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2024
0mins
Source: Benzinga
- Quantum Corporation QMCO: Shares fell sharply after reporting worse-than-expected FY24 results and issuing below-estimate FY25 guidance.
- Stock Movements:
- Reliance Global Group, Inc. RELI shares surged by 350% to $1.00 following an update on an acquisition.
- NLS Pharmaceutics AG NLSP shares rose by 166% to $0.3930.
- Actelis Networks, Inc. ASNS climbed 80.9% to $2.08 due to a partnership announcement.
- Comtech Telecommunications Corp. CMTL rose by 65% to $3.5801 after announcing a new credit facility.
- Other Stock Movements:
- Multiple companies experienced significant gains, including Mustang Bio, Inc., Sonoma Pharmaceuticals, Inc., Silk Road Medical, Inc., among others.
- Companies like Solidion Technology Inc., DermTech, Inc., and AERWINS Technologies Inc. faced notable declines.
- Industry News:
- Rocket Lab USA, Inc. signed a 10-launch deal with a Japanese firm.
- Chegg, Inc. announced a restructuring plan for growth.
- Health Sector:
- Taysha Gene Therapies Inc. shares fell after releasing clinical data.
- Zentalis Pharmaceuticals Inc. dipped due to an FDA partial clinical hold.
- Miscellaneous Declines:
- Various companies such as Kaival Brands Innovations Group Inc., Haoxi Health Technology Ltd, and CureVac BV experienced declines in their stock prices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
