Conmed Corp (CNMD) Files Form 4 Insider Buying : Charles Farkas Buys 282 Shares

Conmed Corp (CNMD): Charles Farkas , director of Conmed Corp purchased 282 shares on Jul 1, 2016. The Insider buying transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were purchased at $47.87 per share for a total value of $13,499.34 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 6, 2016, Luke A Pomilio (EVP, Finance & CFO) sold 4,400 shares at $41.56 per share price.On Apr 4, 2016, Charles Farkas (director) purchased 338 shares at $42.05 per share price.Also, On Mar 7, 2016, Mark D Snyder (EVP Mfg. Ops & Business System) sold 2,940 shares at $41.32 per share price.On Mar 3, 2016, John L Workman (director) purchased 2,500 shares at $39.85 per share price.

CONMED Corporation: On Friday, Jul 1, 2016 heightened volatility was witnessed in CONMED Corporation which led to swings in the share price. The shares opened for trading at $47.87 and hit $48.62 on the upside , eventually ending the session at $48.6, with a gain of 1.82% or 0.87 points. The heightened volatility saw the trading volume jump to 1,59,498 shares. The 52-week high of the share price is $60.662 and the company has a market cap of $1,349 M . The 52-week low of the share price is at $35.51.

CONMED Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.CONMED Corporation is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 49 from a previous price target of $48 .The Rating was issued on Apr 28, 2016.

CONMED Corporation is a medical technology company. The Company is engaged in the development manufacturing and sale on a global basis of surgical devices and related equipment. The Company’s products are used by surgeons and physicians in a variety of specialties including orthopedics general surgery gynecology neurosurgery and gastroenterology. Its product lines consist of orthopedic surgery general surgery and surgical visualization. Orthopedic surgery consists of sports medicine instrumentation and small bone large bone and specialty powered surgical instruments. General surgery consists of a line of endo-mechanical instrumentation for minimally invasive laparoscopic and gastrointestinal procedures a line of cardiac monitoring products as well as electrosurgical generators and related instruments. Surgical visualization consists of 2D and 3D video systems for use in minimally invasive orthopedic and general surgery.

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