Violin Memory Inc. (fka VMEMQ)

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Violin Memory Inc. (VMEM) Jumps 32.35% on June 15
Equities Staff ? Follow | Wednesday, 15 June 2016 17:00 (EST)

? https://www.equities.com/news/violin-memory-inc-vmem-jumps-32-35-on-june-15? ? ?

VMEM - Stock Valuation Report

Violin Memory Inc. (VMEM) was among the biggest gainers on the Russell 2000 for Wednesday June 15 as the stock popped 32.35% to $0.90, representing a gain of $0.22 per share. Some 2.71 million shares traded hands on 4,663 trades, compared with an average daily volume of 1.08 million shares out of a total float of 99.17 million. The stock opened at $0.69 and traded with an intraday range of $0.94 to $0.69.

After today's gains, Violin Memory Inc. reached a market cap of $89.25 million. Violin Memory Inc. has had a trading range between $2.76 and $0.27 over the last year, and it had a 50-day SMA of $0.42 and a 200-day SMA of $0.94.

Violin Memory Inc provides persistent flash-based storage solutions designed to bring storage performance in line with high-speed applications, servers and networks.

Violin Memory Inc. is based out of Santa Clara, CA and has some 318 employees. Its CEO is Kevin A. Denuccio