Shares of ResMed Inc. RMD slid 0.96% to $220.88 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.89% to 3,957.25 and Dow Jones Industrial Average DJIA falling 0.63% to 33,536.70. This was the stock’s second consecutive day of losses. ResMed Inc. closed $54.72 below its 52-week high ($275.60), which the company reached on November 15th.
The stock underperformed when compared to some of its competitors Monday, as Thermo Fisher Scientific Inc. TMO fell 0.73% to $534.77, Medtronic PLC MDT fell 0.78% to $82.90, and Koninklijke Philips N.V. ADR PHG fell 0.73% to $14.93. Trading volume (360,718) remained 160,795 below its 50-day average volume of 521,513.