Baxter International Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Baxter International Inc. (BAX) shed 2.90% to $38.23 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.70% to 3,891.93 and Dow Jones Industrial Average falling 0.87% to 31,874.57. The stock's fall snapped a two-day winning streak. Baxter International Inc. closed $42.49 short of its 52-week high ($80.72), which the company reached on March 29th.
The stock underperformed when compared to some of its competitors Wednesday, as Medtronic PLC (MDT) rose 0.71% to $78.41, Stryker Corp. (SYK) fell 0.96% to $273.03, and Becton Dickinson & Co. (BDX) rose 0.68% to $234.48. Trading volume (7.0 M) eclipsed its 50-day average volume of 6.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 15, 2023.
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March 15, 2023 16:40 ET (20:40 GMT)
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