Well you didn't say what type of bulbs. MH, PC, Ect and wattage.
It may very well be it is getting to much light if you have MH. They need to be moved up slowly to acclimize to the high light. To much to soon will cause bleaching. I recomend that it be moved to the sand bed. Is that a trumpet coral? If so, it will prolly do better near the sand anyway.(assuming you have MH)
HTH