Financial

Company Shares of CONMED Corporation (NASDAQ:CNMD) Drops by -3.66%

CONMED Corporation (NASDAQ:CNMD) has dropped 3.66% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 7.12% in the last 4 weeks. In the past week, the shares has outperformed the S&P 500 by 0.14% and the outperformance increases to 7.69% for the last 4 weeks.

CONMED Corporation (NASDAQ:CNMD) stock has received a short term price target of $ 54.17 from 6 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $7.52. The higher estimate of target price is $65 , while the lower price target estimate is $44

The company shares have dropped -4.41% from its 1 Year high price. On Jul 9, 2015, the shares registered one year high at $60.66 and the one year low was seen on Nov 13, 2015. The 50-Day Moving Average price is $41.48 and the 200 Day Moving Average price is recorded at $51.22.

CONMED Corporation has dropped 19.88% during the last 3-month period . Year-to-Date the stock performance stands at -7.6%.CONMED Corporation (NASDAQ:CNMD) witnessed a decline in the market cap on Friday as its shares dropped 1.32% or 0.55 points. After the session commenced at $40.8, the stock reached the higher end at $41.56 while it hit a low of $40.66. With the volume soaring to 97,099 shares, the last trade was called at $41.07. The company has a 52-week high of $60.662. The company has a market cap of $1,138 million and there are 27,704,856 shares in outstanding. The 52-week low of the share price is $37.94.

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