Baxter International Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Baxter International Inc. (BAX) slid 0.53% to $42.78 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.19% to 4,158.77 and the Dow Jones Industrial Average rising 1.24% to 33,420.77.
The stock's fall snapped a two-day winning streak.
Baxter International Inc. closed $34.30 short of its 52-week high ($77.08), which the company reached on May 25th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Medtronic PLC (MDT) fell 0.36% to $88.58, Stryker Corp. (SYK) fell 0.69% to $283.98, and Becton Dickinson & Co. (BDX) rose 0.36% to $251.28.
Trading volume (4.2 M) remained 2.0 million below its 50-day average volume of 6.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 17, 2023.
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May 17, 2023 16:40 ET (20:40 GMT)
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