KD Logo

Resmed Inc. [RMD] Insider Selling: Time to sell?

In a filing, Resmed Inc. revealed its Chief Executive Officer Farrell Michael J. unloaded Company’s shares for reported $3.11 million on Jun 07 ’24. In the deal valued at $211.66 per share,14,683 shares were sold. As a result of this transaction, Farrell Michael J. now holds 440,799 shares worth roughly $93.3 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Then, De Witte Jan sold 360 shares, generating $78,584 in total proceeds. Upon selling the shares at $218.29, the Director now owns 7,519 shares.

Before that, Sandercock Brett sold 13,000 shares. Resmed Inc. shares valued at $2,747,810 were divested by the Chief Financial Officer at a price of $211.37 per share. As a result of the transaction, Sandercock Brett now holds 92,056 shares, worth roughly $19.48 million.

A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late October from “an Equal-weight” to “an Overweight”. RBC Capital Mkts also remained covering RMD and has decreased its forecast on October 12, 2023 with a “Sector perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on October 09, 2023. It rated RMD as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of RMD

On Monday, Resmed Inc. [NYSE:RMD] saw its stock jump 0.36% to $211.66. Over the last five days, the stock has gained 2.06%. Resmed Inc. shares have risen nearly 23.04% since the year began. Nevertheless, the stocks have fallen -1.52% over the past one year. While a 52-week high of $229.97 was reached on 05/16/24, a 52-week low of $132.24 was recorded on 01/04/24. SMA at 50 days reached $203.21, while 200 days put it at $174.62. A total of 0.7 million shares were traded, compared to the trading of 0.71 million shares in the previous session.

Levels Of Support And Resistance For RMD Stock

The 24-hour chart illustrates a support level at 210.04, which if violated will result in even more drops to 208.42. On the upside, there is a resistance level at 212.55. A further resistance level may holdings at 213.44. The Relative Strength Index (RSI) on the 14-day chart is 52.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.44%. Stochastics %K at 44.69% indicates the stock is a holding.

Most Popular