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ResMed Inc. Stock Rises Friday, Still Underperforms Market

Dow Jones Newswires ·  Mar 19, 2022 05:27

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of ResMed Inc. (RMD) inched 0.87% higher to $261.47 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index  rising 1.17% to 4,463.12 and the Dow Jones Industrial Average  rising 0.80% to 34,754.93. This was the stock's fourth consecutive day of gains. ResMed Inc. closed $39.87 short of its 52-week high ($301.34), which the company reached on September 9th.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Thermo Fisher Scientific Inc. (TMO) rose 2.94% to $589.09, Medtronic PLC (MDT) rose 0.40% to $110.18, and Koninklijke Philips N.V. ADR (PHIA.AE) fell 0.06% to $31.37. Trading volume (751,547) eclipsed its 50-day average volume of 615,074.

Data source: Dow Jones Market Data, FactSet. Data compiled March 18, 2022.

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