ResMed Inc. (RMD) Moves Higher on Volume Spike for June 22

Equities Staff  |

ResMed Inc. (RMD) traded on unusually high volume on Jun. 22, as the stock gained 0.84% to close at $107.93. On the day, ResMed Inc. saw 965,766 shares trade hands on 4,781 trades. Considering that the stock averages only a daily volume of 602,491 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $107.67 and $71.29 over the last 52-weeks, its 50-day SMA is now $101.46, and its 200-day SMA $90.59. ResMed Inc. has a P/B ratio of 7.45. It also has a P/E ratio of 50.

ResMed Inc is a part of the healthcare sector. It develops and distributes medical products for treating and diagnosing respiratory disorders.

Headquartered in San Diego, CA, ResMed Inc. has 6,080 employees and is currently under the leadership of CEO Michael J. Farrell.

For a complete fundamental analysis analysis of ResMed Inc., check out Equities.com’s Stock Valuation Analysis report for RMD.

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To get more information on ResMed Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: RMD’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

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



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