Quantum FinTech Acquisition (NYSE:QFTA) Stock Price Down 1.7% – Here’s What Happened

by · The Markets Daily

Shares of Quantum FinTech Acquisition Co. (NYSE:QFTA – Get Free Report) traded down 1.7% during mid-day trading on Wednesday . The company traded as low as $0.2538 and last traded at $0.2654. 3,779,284 shares traded hands during mid-day trading, an increase of 135,310% from the average session volume of 2,791 shares. The stock had previously closed at $0.27.

Quantum FinTech Acquisition Stock Down 1.7%

The stock’s 50 day moving average price is $0.32 and its two-hundred day moving average price is $0.32.

Quantum FinTech Acquisition Company Profile

(Get Free Report)

Quantum FinTech Acquisition Corp. (NYSE: QFTA) is a special purpose acquisition company formed to effect a merger, capital stock exchange, asset acquisition, share purchase or similar business combination with one or more businesses in the financial technology, digital assets, blockchain technology and quantum computing sectors. As a blank-check vehicle, QFTA provides a public-market structure and capital to partner with emerging companies that leverage cutting-edge technologies to transform traditional financial services and support next-generation digital ecosystems.

The company completed its initial public offering in August 2021, raising gross proceeds that are held in a trust account pending the identification and consummation of a qualifying business combination.

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