Sphere 3D (NASDAQ:ANY) Sees Unusually-High Trading Volume

Sphere 3D Corp (NASDAQ:ANY) saw strong trading volume on Friday . 1,552,995 shares changed hands during mid-day trading, an increase of 971% from the previous session’s volume of 144,941 shares.The stock last traded at $1.65 and had previously closed at $1.41.

Separately, ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.

The business’s 50-day moving average is $1.56.

Sphere 3D (NASDAQ:ANY) last issued its quarterly earnings results on Wednesday, May 15th. The technology company reported ($0.82) EPS for the quarter. The business had revenue of $2.13 million for the quarter.

In other news, major shareholder Cyrus Capital Partners, L.P. sold 125,315 shares of Sphere 3D stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $2.08, for a total transaction of $260,655.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by insiders.

Sphere 3D Company Profile (NASDAQ:ANY)

Sphere 3D Corp. provides data management, and desktop and application virtualization solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It enables organizations to deploy a combination of public, private, or hybrid cloud strategies through containerized applications, virtual desktops, virtual storage, and physical hyper-converged platforms.

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