Baxter International Inc. Stock Falls Thursday, Underperforms Market
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Shares of Baxter International Inc. (BAX) shed 2.66% to $38.12 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.30% to 3,948.72 and the Dow Jones Industrial Average rising 0.23% to 32,105.25. This was the stock's second consecutive day of losses. Baxter International Inc. closed $42.60 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 Thursday, as Medtronic PLC (MDT) fell 2.13% to $77.57, Stryker Corp. (SYK) rose 0.71% to $274.28, and Becton Dickinson & Co. (BDX) fell 1.06% to $236.38. Trading volume (4.9 M) remained 1.8 million below its 50-day average volume of 6.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 23, 2023.
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March 23, 2023 16:40 ET (20:40 GMT)
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