Update: QTREX Management to Buy Back 2 Million Shares; Stock Rises

MT Newswires Live

06/22

[Clarifies headline]

QTREX Quantum's (QTEX) stock is rising nearly 7% after senior executives told the company Monday that they plan to buy back as much as 2 million of its shares over the next 12 months.

The buyers include Chief Executive Dagi Ben-Noon and Chairman Tal Parnas, as well as other members of the QTREX's senior management team.

The company said the share purchases are expected to be conducted through open-market transactions at market prices, and may also be made through privately negotiated transactions, block trades, and/or other legal means.

Price: 2.14, Change: +0.13, Percent Change: +6.57

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