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Shares of ResMed Inc. (RMD) rose 2.87% to $243.58 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.13% to 4,210.24 and the Dow Jones Industrial Average rising 1.63% to 33,309.51. This was the stock's second consecutive day of gains. ResMed Inc. closed $57.76 short of its 52-week high ($301.34), which the company achieved on September 9th.
The stock outperformed some of its competitors Wednesday, as Thermo Fisher Scientific Inc. (TMO) rose 1.98% to $592.35, Medtronic PLC (MDT) rose 1.15% to $94.17, and Koninklijke Philips N.V. ADR (PHIA.AE) rose 0.35% to $20.12. Trading volume (537,617) remained 47,090 below its 50-day average volume of 584,707.
Data source: Dow Jones Market Data, FactSet. Data compiled August 10, 2022.
(END) Dow Jones Newswires
August 10, 2022 17:19 ET (21:19 GMT)
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