Quantum Shares Popped: What You Need to Know

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of large-scale storage specialist Quantum (NYSE: QTM  ) are on a roller-coaster ride today, moving up as much as 11% in intraday trading.

So what: Last night's second-quarter report first inspired an after-hours sell-off in low volume, but the stock worked its way up rapidly after the opening bell to strong gains on much heavier volume as one analyst upped his target price on the stock. That's the fourth 10% upward single-day move for Quantum in the last month, and the second this week alone.

Now what: The storage market is in flux, clearly unsettling investors in many of the smaller players. Big boys EMC (NYSE: EMC  ) and Hewlett-Packard (NYSE: HPQ  ) are buying their way to new storage technologies, and lesser lights like Quantum can only hope to catch the eye of a hungry buyer before the buyout boom ends. Quantum's stock is now up 74.5% in the last month and has more than tripled from 52-week lows, reflecting the overheated storage speculation to a T.

Interested in more info on Quantum? Add it to your watchlist by clicking here.

Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.

Read/Post Comments (0) | Recommend This Article (6)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1348680, ~/Articles/ArticleHandler.aspx, 10/24/2016 6:32:00 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,223.03 77.32 0.43%
S&P 500 2,151.33 10.17 0.47%
NASD 5,309.83 52.43 1.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/7/2016 4:05 PM
EMC $0.00 Down +0.00 +0.00%
EMC CAPS Rating: ****
HPQ $13.97 Up +0.17 +1.23%
HP CAPS Rating: ***
QTM $0.93 Up +0.06 +6.71%
Quantum CAPS Rating: ****