Here's Why ResMed Inc. Stock Spiked Today
Sleep apnea specialist, ResMed, Inc. (NYSE: RMD) pleased investors with a positive fiscal first-quarter report after the bell yesterday. Another quarter of double-digit year-to-year growth on the top and bottom lines pushed the stock up as high as 11.5% this morning. The shares have since settled to a gain of 7.7% as of 3:09 p.m. EDT on Friday.
With an estimated 1 in 5 Americans suffering from breathing issues related to sleep disorders, demand for ResMed's continuous positive airway pressure (CPAP) systems was high enough to push the top line up by double digits. Fiscal first-quarter sales rose by a healthy 13%, to $523 million.
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Source: Fool.com
Resmed Inc. Stock
€177.95
-8.180%
With 16 Buy predictions and not the single Sell prediction the community is currently very high on Resmed Inc..
With a target price of 258 € there is a positive potential of 44.98% for Resmed Inc. compared to the current price of 177.95 €.
