By Roger Valet
CONMED Corporation (NASDAQ:CNMD) traded higher in the last at $55.7, gaining 0.1 points or 0.17%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-1.17) million. The composite uptick value of $0.51 million was eclipsed by the accrued downtick value of $1.68 million, thereby ensuring the up/down ratio of 0.3. For the week, the shares have posted returns of -0.9%.A block trade registered during the day has revealed $0 million in upticks and $1.07 million in downticks. The up/down ratio in this case turned out to be 0. The net money flow for the block trade was $(-1.07) million.
CONMED Corporation is up 2.7% in the last 3-month period. Year-to-Date the stock performance stands at 25.66%. The company shares have rallied 48.39% in the past 52 Weeks. On July 9, 2015 The shares registered one year high of $60.66 and one year low was seen on September 26, 2014 at $36.51. The 50-day moving average is $57.96 and the 200 day moving average is recorded at $53.49. S&P 500 has rallied 6.56% during the last 52-weeks. CONMED Corporation (NASDAQ:CNMD) has lost 0.23% during the past week and dropped 6.58% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 0.9%. CONMED Corporation (NASDAQ:CNMD) has underperformed the index by 5.01% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
