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Benzinga
Benzinga
Business
Henry Khederian

Quantum BioPharma Shares' Rollercoaster Day: What's Going On?

Quantum Kevin Malone GameStop GameStop Corp
Binary,Options,Chart

Shares of Quantum BioPharma Ltd (NASDAQ:QNTM) started Wednesday with a surge before dropping, then heading back up slightly, despite a lack of company-specific news for the session. The biopharmaceutical company last week announced it had purchased 2,000 shares of GameStop Corp (NYSE:GME) as a strategic investment for its balance sheet. Here’s what investors need to know.

What To Know: The stock's movements could be fueled by investors interpreting the move as an alignment with the retail-driven, anti-short-selling movement.

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