Shares of ResMed Inc. /zigman2/quotes/204675483/composite RMD -0.36% shed 2.94% to $202.39 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +1.73% falling 3.88% to 3,749.63 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.27% falling 2.79% to 30,516.74. This was the stock's fourth consecutive day of losses. ResMed Inc. closed $98.95 short of its 52-week high ($301.34), which the company achieved on September 9th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Thermo Fisher Scientific Inc. /zigman2/quotes/201150432/composite TMO +1.80% fell 2.84% to $511.91, Medtronic PLC /zigman2/quotes/206816578/composite MDT +0.83% fell 2.77% to $90.17, and Koninklijke Philips N.V. ADR /zigman2/quotes/200778575/composite PHG +0.25% fell 4.77% to $22.15. Trading volume (588,770) eclipsed its 50-day average volume of 544,208.