Quantum is trading 5.18% down now at $23.63 after valuation-driven profit-taking following a sharp four-session rally after fiscal first-quarter results.
- Shares climbed from $11.78 on August 10 to $24.92 on August 17.
- The broader technology and storage sector is under pressure as rising Treasury yields weigh on high-growth valuations.
- Reuters reported that technology stocks led the market retreat amid higher borrowing costs and weakening risk appetite.