In a filing, Conmed Corp revealed its Former Officer Hartman Curt R acquired Company’s shares for reported $0.19 million on Feb 14 ’25. In the deal valued at $64.89 per share,2,905 shares were bought.
Then, Glaze Richard sold 257 shares, generating $16,796 in total proceeds. Upon selling the shares at $65.35, the Chief Information Officer now owns 0 shares.
Before that, Hartman Curt R bought 4,986 shares. Conmed Corp shares valued at $313,869 were divested by the Former Officer at a price of $62.95 per share.
Stifel downgraded its Conmed Corp [CNMD] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early February from “an Overweight” to “a Neutral”. Needham also remained covering CNMD and reiterated its “Buy” recommendation on February 01, 2024. CL King started covering the stock on May 22, 2023. It rated CNMD as “a Buy”.
Price Performance Review of CNMD
On Tuesday, Conmed Corp [NYSE:CNMD] saw its stock jump 0.65% to $51.17. Over the last five days, the stock has gained 6.56%. Conmed Corp shares have fallen nearly -25.23% since the year began. Nevertheless, the stocks have fallen -17.33% over the past one year. While a 52-week high of $78.58 was reached on 02/05/25, a 52-week low of $46.00 was recorded on 04/21/25. SMA at 50 days reached $57.12, while 200 days put it at $66.79.
Levels Of Support And Resistance For CNMD Stock
The 24-hour chart illustrates a support level at 50.49, which if violated will result in even more drops to 49.81. On the upside, there is a resistance level at 51.87. A further resistance level may holdings at 52.57. The Relative Strength Index (RSI) on the 14-day chart is 42.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.72%. Stochastics %K at 42.46% indicates the stock is a holding.
How much short interest is there in Conmed Corp?
A steep rise in short interest was recorded in Conmed Corp stocks on 2025-04-15, dropping by -0.24 million shares to a total of 2.57 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 2.8 million shares. There was a decline of -9.29%, which implies that there is a negative sentiment for the stock.
