Resmed Inc’s recently made public that its Officer Sandercock Brett acquired Company’s shares for reported $0.24 million on Dec 09 ’24. In the deal valued at $244.23 per share,1,000 shares were bought.
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Then, FARRELL PETER C sold 2,000 shares, generating $491,300 in total proceeds. Upon selling the shares at $245.65, the Director now owns 81,218 shares.
Before that, FARRELL PETER C bought 2,000 shares. Resmed Inc shares valued at $500,000 were divested by the Director at a price of $250.00 per share.
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 Monday, Resmed Inc [NYSE:RMD] saw its stock jump 1.39% to $244.76. Over the last five days, the stock has lost -0.07%. Resmed Inc shares have risen nearly 42.29% since the year began. Nevertheless, the stocks have risen 49.71% over the past one year. While a 52-week high of $260.49 was reached on 10/25/24, a 52-week low of $162.05 was recorded on 01/04/24. SMA at 50 days reached $242.21, while 200 days put it at $217.31.
Levels Of Support And Resistance For RMD Stock
The 24-hour chart illustrates a support level at 242.03, which if violated will result in even more drops to 239.31. On the upside, there is a resistance level at 247.62. A further resistance level may holdings at 250.49. The Relative Strength Index (RSI) on the 14-day chart is 51.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.28%. Stochastics %K at 42.62% 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 2024-11-15, dropping by -1.35 million shares to a total of 7.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 8.66 million shares. There was a decline of -18.49%, which implies that there is a negative sentiment for the stock.
