I believe I can provide some insight into that one.
There are investors who are of the opinion GLP1's are the death of CPAP, but I don't believe they are in the majority.
We have also witnessed an extraordinary amount of shorting. I can only speculate if they are current holders covering these positions until the next quarterly, Hedge funds, or Long/Short managers. You don't necessarily need a lot of sticky hands selling to get the share price move we have seen.
Take a look at Facebook and Netflix over the last 12 months for example.
Ann: ResMed Announces Results for the Fourth Quarter of FY2023, page-281
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Last
$35.72 |
Change
0.120(0.34%) |
Mkt cap ! $22.96B | |||
| Open | High | Low | Value | Volume |
| $35.72 | $35.97 | $35.58 | $71.16M | 1.992M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3387 | $35.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.75 | 3028 | 2 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| RMD (ASX) Chart |