Violin Memory (VMEM) Jumps 9.09% on February 03

Equities Staff |

Violin Memory (VMEM) was among the biggest gainers on the Russell 2000 for Wednesday February 03 as the stock popped 9.09% to $0.84, representing a gain of $0.07 per share. Some 362,260 shares traded hands on 2,204 trades, compared with an average daily volume of 1.07 million shares out of a total float of 98.4 million. The stock opened at $0.81 and traded with an intraday range of $0.85 to $0.77.

After today's gains, Violin Memory reached a market cap of $82.66 million. Violin Memory has had a trading range between $4.41 and $0.60 over the last year, and it had a 50-day SMA of $0.92 and a 200-day SMA of $1.94.

Violin Memory Inc provides all-flash storage arrays & appliances delivering application solutions for enterprises. Its FFA-based arrays & enterprise software solutions enhance enterprise agility & mobility revolutionizing economics with rapid ROI and TCO.

Violin Memory is based out of Santa Clara, CA and has some 329 employees. Its CEO is Kevin A. Denuccio.

For a complete fundamental analysis analysis of Violin Memory, check out Equities.com’s Stock Valuation Analysis report for VMEM. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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