A Director at Foundation Medicine (NASDAQ: FMI) is Selling Shares

By Carrie Williams

Today, a Director at Foundation Medicine (NASDAQ: FMI), Michael Pellini, sold shares of FMI for $1.77M.

Following Michael Pellini’s last FMI Sell transaction on August 10, 2017, the stock climbed by 19.6%. In addition to Michael Pellini, 4 other FMI executives reported Sell trades in the last month.

Based on Foundation Medicine’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $42.66 million and GAAP net loss of $32.64 million. In comparison, last year the company earned revenue of $29.43 million and had a GAAP net loss of $31.28 million. The company has a one-year high of $70.75 and a one-year low of $17.10. The Company has a book value per share of 33.2305.

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Foundation Medicine, Inc. is a molecular information company, which engages in the provision of information on clinical treatment decisions for patients with cancer. Its products includes: FoundationOne for solid tumors; FoundationOne Heme for blood-based cancers; FoundationACT; and FoundationFocus CDxBRCA.