ResMed Inc. (RMD) is Trading Higher on Unusual Volume for January 22

Equities Staff |

ResMed Inc. (RMD) experienced unusually high volume on Jan. 22, as the stock gained 6.38% to a closing price of $57.49. The stock saw 3.07 million shares trade hands over the course of the day on 24,838 trades. Given that the stock’s average daily volume over the last month has been 1.31 million shares a day, this represents a pretty substantial spike over the norm.

ResMed Inc. has a P/B ratio of 5.5. It also has a P/E ratio of 22. The stock has traded between $75.33 and $48.99 over the last 52-weeks, its 50-day SMA is now $55.69, and its 200-day SMA $56.70.

ResMed Inc is a developer, manufacturer and distributor of medical products for treating, diagnosing and managing sleep-disordered breathing and other respiratory disorders.

Headquartered in San Diego, CA, ResMed Inc. has 4,340 employees and is currently under the leadership of CEO Michael J. Farrell.

For a complete fundamental analysis analysis of ResMed Inc., check out’s Stock Valuation Analysis report for RMD. To see the latest independent stock recommendations from’s analysts, visit our Research section.


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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


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