Resmed Inc.’s recent filing unveils that its Chief Commercial Officer, SaaS Ghoshal Kaushik unloaded Company’s shares for reported $1.26 million on Sep 12 ’24. In the deal valued at $252.56 per share,5,000 shares were sold. As a result of this transaction, Ghoshal Kaushik now holds 21,788 shares worth roughly $5.34 million.
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Then, Ghoshal Kaushik bought 5,000 shares, generating $1,262,800 in total proceeds.
Before that, Sandercock Brett sold 1,000 shares. Resmed Inc. shares valued at $246,420 were divested by the Chief Financial Officer at a price of $246.42 per share. As a result of the transaction, Sandercock Brett now holds 96,812 shares, worth roughly $23.71 million.
Wolfe Research downgraded its Resmed Inc. [RMD] rating to an Underperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who decreased its forecast for the stock in early September from “a Buy” to “a Hold”. Oppenheimer also remained covering RMD and has decreased its forecast on June 25, 2024 with a “Perform” recommendation from previously “an Outperform” rating. Citigroup revised its rating on June 24, 2024. It rated RMD as “a Neutral” which previously was an “a Buy”.
Price Performance Review of RMD
On Friday, Resmed Inc. [NYSE:RMD] saw its stock jump 0.81% to $244.94. Over the last five days, the stock has lost -1.60%. Resmed Inc. shares have risen nearly 42.39% since the year began. Nevertheless, the stocks have risen 73.57% over the past one year. While a 52-week high of $255.18 was reached on 09/09/24, a 52-week low of $132.24 was recorded on 01/04/24. SMA at 50 days reached $226.11, while 200 days put it at $199.26.
Levels Of Support And Resistance For RMD Stock
The 24-hour chart illustrates a support level at 241.69, which if violated will result in even more drops to 238.44. On the upside, there is a resistance level at 246.96. A further resistance level may holdings at 248.97. The Relative Strength Index (RSI) on the 14-day chart is 56.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.21%. Stochastics %K at 44.32% indicates the stock is a holding.
How much short interest is there in Resmed Inc.?
A steep rise in short interest was recorded in Resmed Inc. stocks on 2024-08-30, dropping by -0.35 million shares to a total of 8.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 8.9 million shares. There was a decline of -4.1%, which implies that there is a negative sentiment for the stock.
