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Why ResMed Stock Is Shooting Higher Today

TheMotleyFool

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Why ResMed Stock Is Shooting Higher TodayPhoto, wide shot, wide-angle lens, Pharmaceutical company, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ae4a134-dd01-4c80-a621-18399f5a2541.png

After management reported fiscal 2020 first-quarter results, shares of ResMed (NYSE: RMD), a medical device maker focused on sleep-disorder breathing, rose 12% as of 12:00 p.m. EDT on Friday.

The headline numbers from the period were great:

Traders sent the share price to a new all-time high in response to the upbeat quarterly results.

Source Fool.com

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