Wells Fargo & Company MN Raises Holdings in Foamix Pharmaceuticals Ltd (FOMX)
Wells Fargo & Company MN raised its position in Foamix Pharmaceuticals Ltd (NASDAQ:FOMX) by 1,738.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,801 shares of the specialty pharmaceutical company’s stock after buying an additional 45,201 shares during the quarter. Wells Fargo & Company MN’s holdings in Foamix Pharmaceuticals were worth $265,000 at the end of the most recent reporting period.
Separately, Bank of New York Mellon Corp raised its stake in shares of Foamix Pharmaceuticals by 4.9% in the third quarter. Bank of New York Mellon Corp now owns 571,639 shares of the specialty pharmaceutical company’s stock valued at $3,172,000 after buying an additional 26,786 shares during the period. Institutional investors own 57.39% of the company’s stock.
Shares of Foamix Pharmaceuticals Ltd (NASDAQ FOMX) opened at $6.65 on Wednesday. Foamix Pharmaceuticals Ltd has a one year low of $4.03 and a one year high of $11.11.
In related news, insider Meir Eini sold 5,000 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $6.68, for a total transaction of $33,400.00. Following the sale, the insider now directly owns 16,271 shares in the company, valued at approximately $108,690.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 20,000 shares of company stock worth $125,400.
FOMX has been the topic of a number of analyst reports. HC Wainwright set a $12.00 price objective on Foamix Pharmaceuticals and gave the company a “buy” rating in a research note on Wednesday, November 29th. Guggenheim initiated coverage on Foamix Pharmaceuticals in a research note on Tuesday, December 5th. They set a “buy” rating and a $8.00 price objective on the stock. Finally, Zacks Investment Research upgraded Foamix Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th.
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Foamix Pharmaceuticals Company Profile
Foamix Pharmaceuticals Ltd. is a clinical-stage pharmaceutical company. The Company is engaged in the development and commercialization of foam-based formulations, using its technology, which includes its foam platforms. It is focused on developing and commercializing its minocycline foam for the treatment of acne, rosacea and other skin conditions.
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