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ResMed CEO Michael Farrell sold $1.25M in stock on March 9, 2026, reducing his stake by 1.06%, as the company reported strong earnings despite a stock dip.
CEO Michael Farrell sold 4,991 shares of ResMed stock on March 9, 2026, for about $1.25 million at an average price of $251.03, reducing his stake by 1.06%.
The sale, filed with the SEC and part of a pre-arranged plan, coincided with a 2.6% drop in the stock price on March 11, amid a lowered price target from Baird and broader market sentiment.
Despite the decline, ResMed reported strong earnings in January, with revenue up 11% year-over-year and earnings per share exceeding estimates.
The company maintains a solid market position in sleep and respiratory therapy devices, with a market cap of $35.17 billion and a long-term positive performance trend.
El CEO de ResMed, Michael Farrell, vendió 1.25 millones de dólares en acciones el 9 de marzo de 2026, reduciendo su participación en un 1.06%, ya que la compañía reportó fuertes ganancias a pesar de una caída de las acciones.