Insiders Seeing Green With CNMD At New 52-Week High

In trading on Friday, shares of Conmed Corp. ( CNMD) touched a new 52-week high of $55.32/share. That's a 54.31% rise, or $19.47 per share from the 52-week low of $35.85 set back on 08/14/2014. That means at today's intraday high, any investor who purchased CNMD stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, CNMD has seen 2 different instances of insiders buying over the trailing six month period.

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Purchased Insider Title Shares Price/Share Value
04/01/2015 Charles Farkas Director 235 $50.74 $11,924.70
05/06/2015 Pat Beyer President-Conmed International 5,000 $53.36 $266,800.00

The chart below shows where CNMD has traded over the past year, with the 50-day and 200-day moving averages included.

Conmed Corp. Moving Averages Chart

In afternoon trading on Friday, CNMD shares are changing hands at $54.82/share, slightly below the new 52-week high.

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