CONMED Corporation (CNMD) Insider Drops Over 5,000 Shares

CONMED Corporation (NASDAQ:CNMD), saw a high level insider decrease his position with the company today. Executive Vice President of Business Development William Abraham sold a total of 5,312 shares of common stock at an average price of $37.75. Following these moves, which saw Abraham alter his holdings, he still holds 15,986 shares indirectly while having 8,909 shares directly involved with the company. CONMED Corporation (NASDAQ:CNMD) is a $1.02 billion market cap medical technology company that emphasizes on surgical devices and equipment for minimally invasive procedures and monitoring.
In addition, there are multiple hedge funds with substantial involvement in the company. Camber Capital Management, the hedge fund run by Stephen Dubois, holds 1.385 million shares worth about $61.1 million; while Billionaire Cliff Asness‘ Aqr Management reported a 2% decrease in its activity last quarter, and following this change in its holdings, still has 256,229 shares worth approximately $11.3 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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