Shares of ResMed Inc. RMD, -1.59% shed 1.59% to $215.98 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -1.07% falling 1.07% to 3,924.26 and Dow Jones Industrial Average DJIA, -1.07% falling 1.07% to 31,318.44. This was the stock’s second consecutive day of losses. ResMed Inc. closed $85.36 short of its 52-week high ($301.34), which the company reached on September 9th.
The stock underperformed when compared to some of its competitors Friday, as Thermo Fisher Scientific Inc. TMO, -1.31% fell 1.31% to $543.55, Medtronic PLC MDT, -1.50% fell 1.50% to $87.20, and Koninklijke Philips N.V. ADR PHG, -1.34% fell 1.34% to $16.19. Trading volume (255,767) remained 262,583 below its 50-day average volume of 518,350.