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Shares of ResMed Inc. (RMD) slid 1.20% to $237.11 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.40% to 4,297.14 and the Dow Jones Industrial Average rising 0.45% to 33,912.44. This was the stock's third consecutive day of losses. ResMed Inc. closed $64.23 below its 52-week high ($301.34), which the company reached on September 9th.
The stock underperformed when compared to some of its competitors Monday, as Thermo Fisher Scientific Inc. (TMO) rose 0.21% to $604.49, Medtronic PLC (MDT) rose 0.40% to $95.20, and Koninklijke Philips N.V. ADR (PHIA.AE) fell 0.54% to $20.10. Trading volume (521,219) remained 65,947 below its 50-day average volume of 587,166.
Data source: Dow Jones Market Data, FactSet. Data compiled August 15, 2022.
(END) Dow Jones Newswires
August 15, 2022 17:19 ET (21:19 GMT)
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