Resmed Inc.’s recent filing unveils that its Chief Financial Officer Sandercock Brett unloaded Company’s shares for reported $0.21 million on Jun 10 ’24. In the deal valued at $209.81 per share,1,000 shares were sold. As a result of this transaction, Sandercock Brett now holds 91,056 shares worth roughly $17.02 million.
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Then, Farrell Michael J. sold 14,683 shares, generating $3,107,739 in total proceeds. Upon selling the shares at $211.66, the Chief Executive Officer now owns 440,799 shares.
Before that, De Witte Jan sold 360 shares. Resmed Inc. shares valued at $78,584 were divested by the Director at a price of $218.29 per share. As a result of the transaction, De Witte Jan now holds 7,519 shares, worth roughly $1.41 million.
Oppenheimer downgraded its Resmed Inc. [RMD] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in late June from “a Buy” to “a Neutral”. Morgan Stanley revised its rating on October 27, 2023. It rated RMD as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of RMD
On Monday, Resmed Inc. [NYSE:RMD] saw its stock fall -2.34% to $186.94. Over the last five days, the stock has gained 2.60%. Resmed Inc. shares have risen nearly 8.67% since the year began. Nevertheless, the stocks have fallen -13.55% 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 $207.28, while 200 days put it at $177.76. A total of 0.87 million shares were traded, compared to the trading of 3.5 million shares in the previous session.
Levels Of Support And Resistance For RMD Stock
The 24-hour chart illustrates a support level at 184.65, which if violated will result in even more drops to 182.36. On the upside, there is a resistance level at 190.80. A further resistance level may holdings at 194.67. The Relative Strength Index (RSI) on the 14-day chart is 33.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.85%. Stochastics%K at 29.70% indicates the stock is a holding.
