In a filing, Resmed Inc revealed its Officer Leong Justin acquired Company’s shares for reported $1.5 million on Nov 22 ’24. In the deal valued at $243.09 per share,6,160 shares were bought.
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Then, De Witte Jan sold 796 shares, generating $198,053 in total proceeds. Upon selling the shares at $248.81, the Director now owns 6,723 shares.
Before that, Farrell Michael J. sold 14,683 shares. Resmed Inc shares valued at $3,615,821 were divested by the Chief Executive Officer at a price of $246.26 per share. As a result of the transaction, Farrell Michael J. now holds 464,254 shares, worth roughly $113.18 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 0.07% to $243.78. Over the last five days, the stock has gained 3.85%. Resmed Inc shares have risen nearly 41.72% since the year began. Nevertheless, the stocks have risen 59.74% over the past one year. While a 52-week high of $260.49 was reached on 10/25/24, a 52-week low of $151.95 was recorded on 01/04/24. SMA at 50 days reached $241.87, while 200 days put it at $214.09.
Levels Of Support And Resistance For RMD Stock
The 24-hour chart illustrates a support level at 242.19, which if violated will result in even more drops to 240.59. On the upside, there is a resistance level at 244.63. A further resistance level may holdings at 245.48. The Relative Strength Index (RSI) on the 14-day chart is 52.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.44%. Stochastics %K at 49.21% 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 2024-10-31, dropping by -0.68 million shares to a total of 7.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 8.57 million shares. There was a decline of -8.57%, which implies that there is a negative sentiment for the stock.
