Baxter International Inc. Stock Underperforms Thursday When Compared To Competitors

PPG Industries Inc

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Company profile

PPG Industries, Inc. manufactures and distributes a range of paints, coatings, and specialty materials. The Company operates through two segments: Performance Coatings and Industrial Coatings. The Performance Coatings segment primarily supplies a range of protective and decorative coatings, sealants and finishes along with pavement marking products, paint strippers, stains, and related chemicals, as well as transparencies and transparent armor. The Industrial Coatings segment primarily supplies a range of protective and decorative coatings and finishes along with adhesives, sealants, metal pretreatment products, optical monomers and coatings, low-friction coatings, precipitated silicas, and other specialty materials. Its Performance Coatings brands include PPG, GLIDDEN, COMEX, OLYMPIC, DULUX, SIGMA, HISTOR, SEIGNEURIE, PEINTURES GAUTHIER, and JOHNSTONE'S, among others. Its Industrial Coatings brands include PPG and TESLIN. It supplies its products to customers in an array of end-uses.

Baxter International Inc. Stock Underperforms Thursday When Compared To Competitors

4:40 pm ET February 9, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Baxter International Inc. (BAX) took a -12% dive 12.13% to $40.14 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.88% to 4,081.50 and Dow Jones Industrial Average falling 0.73% to 33,699.88. The stock's fall snapped a two-day winning streak. Baxter International Inc. closed $49.10 short of its 52-week high ($89.24), which the company achieved on February 10th.

The stock underperformed when compared to some of its competitors Thursday, as Medtronic PLC (MDT) fell 2.96% to $83.61, Stryker Corp. (SYK) fell 1.44% to $264.36, and Becton Dickinson & Co. (BDX) fell 2.00% to $245.23. Trading volume (22.0 M) eclipsed its 50-day average volume of 5.7 M.

Data source: Dow Jones Market Data, FactSet. Data compiled February 9, 2023.

(END) Dow Jones Newswires

February 09, 2023 16:40 ET (21:40 GMT)