Insider Sale at Conmed Corporation (CNMD) Continues Selling Trend

Thursday, November 09, 2017 10:15 PM ET

Insider Sale at Conmed Corporation (CNMD) Continues Selling Trend

There was a substantial insider sale of Conmed Corporation shares today, as disclosed in a filing with the SEC as — Luke A Pomilio, Officer — disposed of 29,363 shares in the company having a market value of approximately $1,488,785. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 148 company shares and the sale of 3,000 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 32,215 shares and have averaged 10,837 shares per transaction over this time period.

The number of insider buy/sell trades at Conmed Corporation is greater than that of the 82 peer company average over the last 90-day period. The Medical Equipment, Supplies & Distribution peer group saw 92 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by Conmed Corporation insiders is lower than its peers. Within the peer group there were 657,380 shares purchased and 1,206,589 shares sold with company insiders disposing of 5,970 shares on average over this time period.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to evaluate and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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