Resmed Inc.’s recent filing unveils that its Officer Sandercock Brett acquired Company’s shares for reported $0.21 million on Aug 08 ’24. In the deal valued at $212.16 per share,1,000 shares were bought.
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Then, Farrell Michael J. bought 14,683 shares, generating $3,145,904 in total proceeds.
Before that, Farrell Michael J. sold 14,683 shares. Resmed Inc. shares valued at $3,145,905 were divested by the Chief Executive Officer at a price of $214.25 per share. As a result of the transaction, Farrell Michael J. now holds 440,799 shares, worth roughly $95.47 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 Friday, Resmed Inc. [NYSE:RMD] saw its stock jump 1.12% to $216.59. Over the last five days, the stock has lost -3.15%. Resmed Inc. shares have risen nearly 25.91% since the year began. Nevertheless, the stocks have risen 22.42% over the past one year. While a 52-week high of $225.68 was reached on 08/02/24, a 52-week low of $132.24 was recorded on 01/04/24. SMA at 50 days reached $204.85, while 200 days put it at $186.36. A total of 0.54 million shares were traded, compared to the trading of 0.95 million shares in the previous session.
Levels Of Support And Resistance For RMD Stock
The 24-hour chart illustrates a support level at 214.01, which if violated will result in even more drops to 211.43. On the upside, there is a resistance level at 218.13. A further resistance level may holdings at 219.67. The Relative Strength Index (RSI) on the 14-day chart is 57.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.09, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.08%. Stochastics%K at 59.75% indicates the stock is a holding.
