Foundation Medicine Inc (FMI) Drops 8.26% on February 08

Equities Staff |

Foundation Medicine Inc (FMI) was one of the Russell 2000's biggest losers for Monday February 08 as the stock slid 8.26% to $13.66, a loss of $-1.23 per share. Starting at an opening price of $14.63 a share, the stock traded between $13.34 and $14.64 over the course of the trading day. Volume was 179,777 shares over 1,699 trades, against an average daily volume of 306,568 shares and a total float of 34.45 million.

The losses send Foundation Medicine Inc down to a market cap of $470.6 million. In the last year, Foundation Medicine Inc has traded between $51.92 and $13.42, and its 50-day SMA is currently $17.42 and 200-day SMA is $25.06.

Foundation Medicine Inc is a commercial-stage company. The Company is a molecular information company focused on fundamentally changing the way in which patients with cancer are evaluated and treated.

Foundation Medicine Inc is based out of Cambridge, MA and has some 293 employees. Its CEO is Michael J. Pellini.

For a complete fundamental analysis analysis of Foundation Medicine Inc, check out Equities.com’s Stock Valuation Analysis report for FMI. 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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