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Foundation Medicine (FMI) Jumps: Stock Adds 10.6% in Session
Foundation Medicine, Inc. was a big mover last session, as its shares rose over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up almost 43% in the past one-month time frame.
The company has seen three negative estimate revisions in the past 30 days and its Zacks Consensus Estimate also moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher can last.
Foundation Medicine currently carries a Zacks Rank #4 (Sell).
Foundation Medicine, Inc. Price
Foundation Medicine, Inc. Price | Foundation Medicine, Inc. Quote
A better-ranked stock in the Medical Info Systems space is Biotricity Inc. (BTCY - Free Report) , carrying a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is FMI going up? Or down? Predict to see what others think: Up or Down
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