The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Resmed Inc shares valued at $500,000 were purchased by FARRELL PETER C on Feb 05 ’25. At $250.00 per share, FARRELL PETER C acquired 2,000 shares.
Also, FARRELL PETER C sold 2,000 shares, netting a total of over 484,220 in proceeds. Following the sale of shares at $242.11 each, the insider now holds 77,218 shares.
Before that, Rider Michael J had sold 64 shares from its account. In a trade valued at $15,515, the Global General Counsel traded Resmed Inc shares for $242.42 each. Upon closing the transaction, the insider’s holdings decreased to 64 shares, worth approximately $2.18 million.
As published in their initiating research note from Goldman on January 16, 2025, Resmed Inc [RMD] has been a Buy. Analysts at Piper Sandler started covering the stock with ‘”a Neutral”‘ outlook in a report released in early January. As of December 13, 2024, Stifel has initiated its “Hold” rating for RMD. Earlier on September 24, 2024, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for RMD stock.
Analyzing RMD Stock Performance
During the last five days, there has been a drop of approximately -4.07%. Over the course of the year, Resmed Inc shares have jumped approximately 6.07%. Shares of the company reached a 52-week high of $263.05 on 01/30/25 and a 52-week low of $226.66 on 01/02/25. A 50-day SMA is recorded $240.65, while a 200-day SMA reached $227.14. Nevertheless, trading volume fell to 1.0 million shares from 1.4 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 240.03, which, if violated, would cause prices to drop to 237.48. In the upper region, resistance lies at 245.56. The next price resistance is at 248.54. RSI (Relative Strength Index) is 50.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.97, which suggests the price will decrease in the coming days. Percent R is at 68.30%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
