Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Resmed Inc shares valued at $230,360 were sold by Sandercock Brett on Mar 10 ’25. At $230.36 per share, Sandercock Brett sold 1,000 shares. The insider’s holdings dropped to 90,864 shares worth approximately $20.01 million following the completion of this transaction.
Also, Ghoshal Kaushik sold 9,745 shares, netting a total of over 2,332,096 in proceeds. Following the sale of shares at $239.31 each, the insider now holds 9,725 shares.
Before that, Farrell Michael J. had sold 8,009 shares from its account. In a trade valued at $1,835,692, the Chief Executive Officer traded Resmed Inc shares for $229.20 each. Upon closing the transaction, the insider’s holdings decreased to 8,009 shares, worth approximately $100.3 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 -1.61%. Over the course of the year, Resmed Inc shares have dropped approximately -3.70%. Shares of the company reached a 52-week high of $263.05 on 01/30/25 and a 52-week low of $217.67 on 03/12/25. A 50-day SMA is recorded $236.29, while a 200-day SMA reached $229.88.
Support And Resistance Levels for Resmed Inc (RMD)
According to the 24-hour chart, there is a support level at 217.61, which, if violated, would cause prices to drop to 215.01. In the upper region, resistance lies at 222.88. The next price resistance is at 225.55. RSI (Relative Strength Index) is 38.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.84, which suggests the price will decrease in the coming days. Percent R is at 90.08%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
