Quantum FinTech Acquisition (NYSE:QFTA) Shares Climb 0.2% – Here’s Why

Quantum FinTech Acquisition Co. (NYSE:QFTA – Get Free Report) shares traded up 0.2% during mid-day trading on Friday. The stock traded as high as $0.2010 and last traded at $0.2010. Approximately 1,469,753 shares traded hands 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 Up 0.2%

The business’s fifty day moving average is $0.19 and its 200 day moving average is $0.21.

Quantum FinTech Acquisition Company Profile

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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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