Baxter International Inc. Stock Falls Friday, Underperforms Market
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Shares of Baxter International Inc. (BAX) slipped 0.12% to $41.29 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.30% to 4,205.45 and the Dow Jones Industrial Average rising 1.00% to 33,093.34.
This was the stock's sixth consecutive day of losses.
Baxter International Inc. closed $35.37 short of its 52-week high ($76.66), which the company reached on May 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Medtronic PLC (MDT) fell 2.49% to $81.46, Stryker Corp. (SYK) rose 0.07% to $272.58, and Becton Dickinson & Co. (BDX) fell 0.27% to $241.12.
Trading volume (2.6 M) remained 3.3 million below its 50-day average volume of 5.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 26, 2023.
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May 26, 2023 16:40 ET (20:40 GMT)
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