Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Resmed Inc shares valued at $234,040 were purchased by Sandercock Brett on Jan 08 ’25. At $234.04 per share, Sandercock Brett acquired 1,000 shares.
Also, FARRELL PETER C sold 2,000 shares, netting a total of over 461,980 in proceeds. Following the sale of shares at $230.99 each, the insider now holds 79,218 shares.
Before that, Rider Michael J had sold 75 shares from its account. In a trade valued at $17,324, the Global General Counsel traded Resmed Inc shares for $230.99 each. Upon closing the transaction, the insider’s holdings decreased to 75 shares, worth approximately $2.13 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 surge of approximately 3.27%. Over the course of the year, Resmed Inc shares have jumped approximately 3.27%. Shares of the company reached a 52-week high of $239.74 on 01/07/25 and a 52-week low of $226.66 on 01/02/25. A 50-day SMA is recorded $240.67, while a 200-day SMA reached $222.22. Nevertheless, trading volume fell to 0.88 million shares from 0.68 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 233.39, which, if violated, would cause prices to drop to 230.60. In the upper region, resistance lies at 238.08. The next price resistance is at 239.98. RSI (Relative Strength Index) is 49.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.32, which suggests the price will increase in the coming days. Percent R is at 25.57%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
