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Shares of ResMed Inc. RMD rallied 1.61% to $225.50 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.92% to 3,863.16 and the Dow Jones Industrial Average DJIA rising 2.15% to 31,288.26. This was the stock's third consecutive day of gains. ResMed Inc. closed $75.84 below its 52-week high ($301.34), which the company reached on September 9th.
The stock underperformed when compared to some of its competitors Friday, as Thermo Fisher Scientific Inc. TMO rose 2.52% to $538.87, Medtronic PLC MDT rose 1.84% to $89.12, and Koninklijke Philips N.V. ADR PHG rose 2.25% to $20.91. Trading volume (574,336) remained 51,421 below its 50-day average volume of 625,757.
Data source: Dow Jones Market Data, FactSet. Data compiled July 15, 2022.
(END) Dow Jones Newswires
July 15, 2022 17:18 ET (21:18 GMT)
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