Fusion-io (FIO) volatility low on wide price action

Fusion-io (NYSE: FIO) is recently up $1.03 to $24.75 in the premarket. ThinkEquity has a $34 price target on the company and say’s “4QFY12 guidance sets up another low bar that we believe remains likely to be overcome, we reiterate our Buy rating.” Overall option implied volatility of 62 is below its 26-week average of 73 according to Track Data, suggesting decreasing price movement.

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