Resmed Inc.’s recent filing unveils that its Chief Commercial Officer, SaaS Ghoshal Kaushik unloaded Company’s shares for reported $1.02 million on Oct 11 ’24. In the deal valued at $238.48 per share,4,260 shares were sold. As a result of this transaction, Ghoshal Kaushik now holds 21,788 shares worth roughly $5.23 million.
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Then, Ghoshal Kaushik bought 4,260 shares, generating $1,015,925 in total proceeds.
Before that, Sandercock Brett sold 1,000 shares. Resmed Inc. shares valued at $233,470 were divested by the Chief Financial Officer at a price of $233.47 per share. As a result of the transaction, Sandercock Brett now holds 95,812 shares, worth roughly $22.99 million.
Robert W. Baird initiated its Resmed Inc. [RMD] rating to an Outperform in a research note published on September 24, 2024; the price target was $280. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in mid September from “a Peer perform” to “an Underperform”. Needham also remained covering RMD and has decreased its forecast on September 04, 2024 with a “Hold” recommendation from previously “Buy” rating. Oppenheimer revised its rating on June 25, 2024. It rated RMD as “a Perform” which previously was an “an Outperform”.
Price Performance Review of RMD
On Friday, Resmed Inc. [NYSE:RMD] saw its stock jump 0.17% to $240.00. Over the last five days, the stock has lost -0.21%. Resmed Inc. shares have risen nearly 39.52% since the year began. Nevertheless, the stocks have risen 68.50% 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 $238.22, while 200 days put it at $206.28.
Levels Of Support And Resistance For RMD Stock
The 24-hour chart illustrates a support level at 237.96, which if violated will result in even more drops to 235.93. On the upside, there is a resistance level at 241.85. A further resistance level may holdings at 243.71. The Relative Strength Index (RSI) on the 14-day chart is 51.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 38.51%. Stochastics %K at 50.48% 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 2024-09-30, growing by 23188.0 shares to a total of 8.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.55 million shares. There was a rise of 0.27%, which implies that there is a positive sentiment for the stock.
