Why Violin Memory (VMEM) Is Up Today

NEW YORK (TheStreet) -- Violin Memory  (VMEM) was rising 8.92% to $4.03 on Tuesday afternoon after a report from The Deal said buyout interest around the computer data storage manufacturer has increased.

The Deal reported that Violin Memory "had suitors knocking at the door prior to its September IPO," and that interest has only increased since the company fired former CEO and founder Donald Basile and brought on his replacement, Kevin DeNuccio.

Some of the suitors reportedly interested in Violin Memory include IBM  (IBM), Seagate  (STX), SamsungHewlett-Packard (HPQ) and EMC EMC, the report said.

VMEM Chart

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Strong On High Relative Volume: Violin Memory (VMEM)