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ResMed (NYSE:RMD) Director Sells $502,620.00 in Stock
ResMed (NYSE:RMD) Director Peter Farrell sold 2,000 shares of the company stock worth $502,620 on February 4th, reducing his stake by 3% to 64,773 shares. This transaction follows a strong quarter for ResMed, where it exceeded EPS estimates and reported an 11% year-over-year revenue increase. The company also declared a quarterly dividend of $0.60 and maintains a “Moderate Buy” consensus rating from analysts with an average target price of $299.27.