Fusion-IO Jumping Nearly 7% In Weak Market

Fusion-IO, Inc. FIO shares are soaring today, compared to the broader equity markets, which are in free-fall mode. At last check, Fusion-IO, the maker of flash drives used by Apple AAPL and Facebook, was up $1.50 to $24.00, a gain of 6.67% on just over 1 million shares. The company went public to much fanfare yesterday, selling shares above the expected range, indicating strong demand. The company raised its initial range from $14-$15 per share to $16-$18 per share, and wound up pricing the IPO at $19 per share. Shares opened for trading at $25 per share, before settling near $23 in its first day of trading. The Utah-based company counts Steve Wozniak among its employees. Wozniak is the Chief Scientist.