Quantum FinTech Acquisition (NYSE:QFTA) Shares Down 4.5% – Here’s Why

Quantum FinTech Acquisition Co. (NYSE:QFTAGet Free Report) shares dropped 4.5% during trading on Monday . The company traded as low as $0.16 and last traded at $0.19. Approximately 1,112,631 shares traded hands during trading, an increase of 39,765% from the average daily volume of 2,791 shares. The stock had previously closed at $0.19.

Quantum FinTech Acquisition Price Performance

The firm’s 50 day moving average price is $0.80 and its two-hundred day moving average price is $0.60.

About Quantum FinTech Acquisition

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Quantum FinTech Acquisition Corporation does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Tampa, Florida.

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