Baxter International Inc. Stock Falls Thursday, Underperforms Market
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Shares of Baxter International Inc. (BAX) slipped 6.86% to $52.38 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.09% to 4,076.57 and Dow Jones Industrial Average falling 0.56% to 34,395.01. The stock's fall snapped a two-day winning streak. Baxter International Inc. closed $37.32 below its 52-week high ($89.70), which the company achieved on February 9th.
The stock underperformed when compared to some of its competitors Thursday, as Medtronic PLC (MDT) rose 0.27% to $79.25, Stryker Corp. (SYK) rose 2.94% to $240.77, and Becton Dickinson & Co. (BDX) rose 0.60% to $250.83. Trading volume (11.1 M) eclipsed its 50-day average volume of 4.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 1, 2022.
(END) Dow Jones Newswires
December 01, 2022 16:41 ET (21:41 GMT)
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