24/7 Market News Snapshot 03 October, 2025 – Quantum Corporation (NASDAQ:QMCO)

October 3, 2025

DENVER, Colo., 03 October, 2025 (www.247marketnews.com) – (NASDAQ:QMCO) are discussed in this article.
Quantum Corporation (QMCO) experienced a significant rise in its stock price today, trading at $11.93, which represents a notable increase of 9.26% compared to the previous close of $10.92. The surge, occurring on a robust trading volume of 5.13 million shares, reflects a strong bullish sentiment among investors. Market analysts indicate that QMCO may soon approach a resistance level at $12.00, with support identified near the opening price of $11.59. Should this upward momentum persist, it could present an advantageous entry point for investors, particularly if accompanied by increased trading volume in the days ahead. Observing key technical indicators will be vital for gauging future momentum and price movements.

Concurrently, the Law Offices of Frank R. Cruz announced significant progress in a class action lawsuit related to securities fraud concerning Quantum Corporation. This legal action is aimed at addressing allegations that, from November 15, 2024, to August 18, 2025, Quantum and its executives failed to disclose critical information impacting the company’s financial standing and operational expectations. Notably, the lawsuit claims that Quantum inadequately recognized revenue for the fiscal year ending March 31, 2025, necessitating a restatement of its previously reported financial results for the third fiscal quarter ending December 31, 2024.

In light of these developments, investors who have incurred losses associated with their investment in Quantum Corporation are encouraged to take action before the lead plaintiff deadline on November 3, 2025. Legal representatives emphasize the potential for affected investors to recover losses by joining the ongoing proceedings. The situation underscores the importance of transparency and accountability in corporate conduct, highlighting the commitment to safeguarding investor interests within the financial market.

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