Market Overview

Fusion-IO Soaring Nearly 8%


Fusion-IO, Inc. (NYSE: FIO) shares are soaring today, gaining nearly 8% on light volume.

At last check, shares of Fusion-IO, which makes solid state drives, and counts Apple and Facebook among its customers, were up $1.71 to $24.50, a gain of 7.50% on less than 400,000 shares.

Fusion-IO went public to much fanfare a few weeks ago, as the market for solid state drives has been heating up. Being that Facebook accounts for nearly half the company's revenue, the demand for Fusion-IO shares were hot.

The company, which has Steve Wozniak as its chief scientist, raised its IPO price on strong demand.

Posted-In: Apple Facebook Steve WozniakMovers Tech


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