Shares of Quantum FinTech Acquisition Co. (NYSE:QFTA – Get Free Report) were up 0.2% on Friday. The stock traded as high as $0.2010 and last traded at $0.2010. 1,469,753 shares were traded during mid-day trading, an increase of 52,560% from the average daily volume of 2,791 shares. The stock had previously closed at $0.2005.
Quantum FinTech Acquisition Stock Performance
The company’s 50 day simple moving average is $0.19 and its 200 day simple moving average is $0.21.
About Quantum FinTech Acquisition
Quantum FinTech Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with a company operating in the financial technology, financial services or related industries. As a SPAC, its primary activities centered on raising capital through a public offering and pursuing a merger, acquisition or similar transaction rather than developing its own products or operating a standalone business.
The company announced plans to combine with TradeStation Group, Inc, an electronic trading and brokerage technology provider serving retail and institutional customers.
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