tiprankstipranks
Company Announcements

Resmed Inc Announces Proposed Sale of Securities

Story Highlights
  • Resmed Inc is a healthcare company specializing in medical equipment for respiratory conditions.
  • Michael J. Farrell plans to sell 8,009 shares of Resmed Inc, valued at $1.8 million, on March 7, 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Resmed Inc Announces Proposed Sale of Securities

Resmed Inc CHESS Depositary Interests on a ratio of 10 CDIs per ord.sh ( (AU:RMD) ) has issued an announcement.

Resmed Inc has filed a notice for the proposed sale of securities under Rule 144, with Michael J. Farrell, an officer and director of the company, planning to sell 8,009 common shares. The aggregate market value of these shares is approximately $1.8 million, and the sale is scheduled for March 7, 2025. This transaction is part of a planned trading strategy, and the company has ensured that no material adverse information is undisclosed, maintaining transparency with stakeholders.

More about Resmed Inc CHESS Depositary Interests on a ratio of 10 CDIs per ord.sh

Resmed Inc is a company operating in the healthcare industry, primarily focused on providing medical equipment and services. The company specializes in products related to sleep apnea, chronic obstructive pulmonary disease (COPD), and other respiratory conditions, serving a global market with innovative solutions.

YTD Price Performance: -2.20%

Average Trading Volume: 1,054,383

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$54.31B

For an in-depth examination of RMD stock, go to TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App