Resmed Inc’s recent filing unveils that its Chief Financial Officer Sandercock Brett unloaded Company’s shares for reported $0.24 million on Feb 10 ’25. In the deal valued at $238.98 per share,1,000 shares were sold. As a result of this transaction, Sandercock Brett now holds 91,864 shares worth roughly $ 21.4 million.
Then, Farrell Michael J. sold 8,009 shares, generating $1,896,307 in total proceeds. Upon selling the shares at $236.77, the Chief Executive Officer now owns 455,472 shares.
Before that, Sandercock Brett bought 1,000 shares. Resmed Inc shares valued at $238,980 were divested by the Officer at a price of $238.98 per share.
Goldman initiated its Resmed Inc [RMD] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in early January with a ‘”a Neutral”‘ rating. Stifel began covering RMD with “Hold” recommendation on December 13, 2024. Robert W. Baird started covering the stock on September 24, 2024. It rated RMD as “an Outperform”.
Price Performance Review of RMD
On Friday, Resmed Inc [NYSE:RMD] saw its stock fall -2.71% to $232.98. Over the last five days, the stock has lost -1.67%. Resmed Inc shares have risen nearly 1.88% since the year began. Nevertheless, the stocks have risen 30.03% over the past one year. While a 52-week high of $263.05 was reached on 01/30/25, a 52-week low of $170.56 was recorded on 01/02/25. SMA at 50 days reached $239.23, while 200 days put it at $228.71.
Levels Of Support And Resistance For RMD Stock
The 24-hour chart illustrates a support level at 229.33, which if violated will result in even more drops to 225.69. On the upside, there is a resistance level at 240.05. A further resistance level may holdings at 247.12. The Relative Strength Index (RSI) on the 14-day chart is 42.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.27%. Stochastics %K at 10.53% indicates the stock is a buying.
How much short interest is there in Resmed Inc?
A steep rise in short interest was recorded in Resmed Inc stocks on 2025-01-31, growing by 0.39 million shares to a total of 8.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 7.91 million shares. There was a rise of 4.72%, which implies that there is a positive sentiment for the stock.
