Quantum Increases its Per Share Price With Reverse Stock Split

Quantum Corporation (QMCO) recently announced that it will execute a 1-for-20 reverse stock split strategy to increase the per share trading price of its common stock and adhere to the Nasdaq stock market's continued listing standards. Under reverse stock split, a company reduces its total number of outstanding shares while proportionally increasing the share price. With this, QMCO's every 20 shares of its common stock will be reclassified into one share. Although the number of shares each investor holds de ...