$CNMD is one of biggest losers #stocks today. read more:

CONMED Corporation (symbol: CNMD) was one of the worst losers of the
trading day today (2016-07-28), losing -17.18%. The number of shares that
changed hands was 1,565,427, or about 8 times the average daily volume in
the stock.
The closing price was $39.92, amounting to a market cap of $1,110,000,000,
about -30.61% off the highest price in the last 12 months. The stock has
been trading at a range between $35.51 and $57.53.
CNMD is in the Biotechnology: Electromedical & Electrotherapeutic Apparatus
industry, part of the Health Care sector. It first went public in 1987.
Looking at its valuation, the stock is now trading at 51.11 times earnings.