Dallas, Texas 12/08/2014 (FINANCIALSTRENDS) – Quantum Corp (NYSE:QTM), provider of data storage devices, recently hit a 52-week high. The stock has gained more than 85% from its 52-week low of $0.97. It has delivered nearly 14% and 50% returns over the past week and year-to-date, respectively.
In previous session, the stock witnessed heavy trading activity with more than 5 million shares changing hands compared to its average volume of 2.05 million shares. It seems investors are convinced with heavy insider buying since the start of December. Quantum’s Directors have purchased 100,000 shares in separate transactions.
Most recently, Director Gregg J. Powers purchased 50,000 shares on December 3, for an aggregated transaction value of $81,795. Director Auvil Paul R. III also acquired total of 50,000 shares in separate transactions dated December 1 and 2, 2014. Following these transactions, Powers and Paul now holds 536,500 and 443,940 shares of the company’s common stock.
Title Sponsorship
Quantum Corp (NYSE:QTM) recently announced to serve as title sponsor for “The Business of Sports Production,” at the 2014 SVG Summit. The event, featuring technology exhibitions, presentations and workshops, will take place at the New York Hilton Midtown during December 15-16, 2014.
The SVG Summit is the premier event for sports content production and distribution industry and is expected to attract more than 1,000 leading figures. The sponsorship underscores Quantum’s commitment to facilitate technology for creation and distribution of sports content with optimum efficiency and cost-effectiveness.
Conference Participation
Quantum Corp (NYSE:QTM) recently announced that Jon Gacek, its President and CEO, and Linda Breard, CFO, will participate at the Benchmark Company Micro Cap Discovery Conference. The Quantum executives will remain available for one-on-one meetings with investors on Thursday, December 11, 2014. The event will be held at Chicago’s Palmer House Hilton.
Other companies participating in this conference include Columbia Laboratories Inc. (NASDAQ:CBRX), MoSys Inc. (NASDAQ:MOSY) and Remark Media Inc (NASDAQ:MARK) among others.
