Foundation Medicine Inc (FMI) Jumps 9.79% on January 14

Equities Staff |

Foundation Medicine Inc (FMI) was among the biggest gainers on the Russell 2000 for Thursday January 14 as the stock popped 9.79% to $17.60, representing a gain of $1.5699 per share. Some 298,635 shares traded hands on 2,480 trades, compared with an average daily volume of 328,989 shares out of a total float of 34.45 million. The stock opened at $16.19 and traded with an intraday range of $17.71 to $15.43.

After today's gains, Foundation Medicine Inc reached a market cap of $606.34 million. Foundation Medicine Inc has had a trading range between $51.92 and $15.16 over the last year, and it had a 50-day SMA of $18.16 and a 200-day SMA of $27.77.

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’s Stock Valuation Analysis report for FMI. To see the latest independent stock recommendations from’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 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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


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