Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Conmed Corp shares valued at $188,505 were purchased by Hartman Curt R on Feb 14 ’25. At $64.89 per share, Hartman Curt R acquired 2,905 shares.
Also, Glaze Richard sold 257 shares, netting a total of over 16,796 in proceeds. Following the sale of shares at $65.35 each, the insider now holds 0 shares.
Before that, Hartman Curt R had added 4,986 shares to its account. In a trade valued at $313,869, the Former Officer bought Conmed Corp shares for $62.95 each.
As published in a research note from JP Morgan on February 06, 2025, Conmed Corp [CNMD] has been rated down from an Overweight to a Neutral and the price target has been revised to $70 from $85. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in early February. As of May 22, 2023, CL King has initiated its “Buy” rating for CNMD. Earlier on March 27, 2023, KeyBanc Capital Markets upgraded its rating. Their new recommendation was “an Overweight” for CNMD stock which previously was a “a Sector weight”.
Analyzing CNMD Stock Performance
During the last five days, there has been a drop of approximately -15.41%. Over the course of the year, Conmed Corp shares have dropped approximately -29.82%. Shares of the company reached a 52-week high of $74.70 on 02/05/25 and a 52-week low of $47.25 on 04/16/25. A 50-day SMA is recorded $59.77, while a 200-day SMA reached $67.46.
Support And Resistance Levels for Conmed Corp (CNMD)
According to the 24-hour chart, there is a support level at 47.20, which, if violated, would cause prices to drop to 46.36. In the upper region, resistance lies at 48.92. The next price resistance is at 49.80. RSI (Relative Strength Index) is 30.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.75, which suggests the price will decrease in the coming days. Percent R is at 94.38%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
