Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Resmed Inc shares valued at $244,230 were sold by Sandercock Brett on Dec 09 ’24. At $244.23 per share, Sandercock Brett sold 1,000 shares. The insider’s holdings dropped to 93,864 shares worth approximately $21.74 million following the completion of this transaction.
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Also, Sandercock Brett purchased 1,000 shares, netting a total of over 244,230 in proceeds.
Before that, FARRELL PETER C had sold 2,000 shares from its account. In a trade valued at $491,300, the Director traded Resmed Inc shares for $245.65 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $18.81 million.
As published in their initiating research note from Stifel on December 13, 2024, Resmed Inc [RMD] has been a Hold and the price target has been revised to $250. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in late September. As of September 18, 2024, Wolfe Research has decreased its “Peer perform” rating to a “an Underperform” for RMD. Earlier on September 04, 2024, Needham downgraded its rating. Their new recommendation was “a Hold” for RMD stock which previously was a “a Buy”.
Analyzing RMD Stock Performance
During the last five days, there has been a drop of approximately -4.51%. Over the course of the year, Resmed Inc shares have jumped approximately 34.62%. Shares of the company reached a 52-week high of $260.49 on 10/25/24 and a 52-week low of $164.12 on 01/04/24. A 50-day SMA is recorded $242.57, while a 200-day SMA reached $219.75. Nevertheless, trading volume fell to 0.6 million shares from 0.87 million shares the previous day.
Support And Resistance Levels for Resmed Inc (RMD)
According to the 24-hour chart, there is a support level at 229.23, which, if violated, would cause prices to drop to 226.87. In the upper region, resistance lies at 234.72. The next price resistance is at 237.85. RSI (Relative Strength Index) is 37.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.68, which suggests the price will decrease in the coming days. Percent R is at 91.60%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
