Fusion-io (FIO) Continues Melting Lower, Now Down ~6%
Fusion-io, Inc. (NYSE: FIO) is pulling-back Tuesday following a solid run last week. Shares are down over 6 percent in afternoon trading. The stock ended 18.2 percent better last Friday, from a close of $23.95 on February 10th.
Shares appear to be holding above the $26.50 level. Volume on the move isn't exceptional, with about 1.5 million shares trading so for.
Fusion-io IPO'd last September in the mid$17 range.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
Shares appear to be holding above the $26.50 level. Volume on the move isn't exceptional, with about 1.5 million shares trading so for.
Fusion-io IPO'd last September in the mid$17 range.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- Savient Pharma (SVNT) Moves Higher with Volatility; Bumps Up Against Key Resistance Point
- If Facebook (FB) Follows This Past IPO, It Could Be Only Upside from Here...
- Bill Gross Thinks China is the Real Elephant in the Room
Create E-mail Alert Related Categories
Insiders' Blog, Momentum MoversComments
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
Any Insightful News Mr. Obvious?
RUBBA on Feb 21, 2012 01:16 PMMark as Spam
I guess I'll tell you the stocks "solid run" last week was based on rumors that are now subsiding. There's still 6% of Friday fat to burn off the price.