Fusion-io (FIO) gains 16.2% after Stifel's Aaron Rackers starts coverage on the company with a...

|By:, SA News Editor

Fusion-io (FIO) gains 16.2% after Stifel's Aaron Rackers starts coverage on the company with a Buy and $27 PT. Rackers thinks Fusion-io's software will allow its flash memory modules to maintain a technology lead over rival hardware, and expects the products to see broader adoption in time. Going into today, FIO had fallen 40% in September. (previously)