Baxter International Inc.’s Stock Price Takes a Hit, Dips to $36.91 Amid 8.50% Drop

Baxter International Inc. (BAX)

36.91 USD -3.43 (-8.50%) Volume: 10.81M

Baxter International Inc.’s stock price is currently trading at 36.91 USD, reflecting a significant drop of -8.50% in this trading session with a substantial trading volume of 10.81M. Despite its robust volume, the stock has experienced a year-to-date decrease of -4.53%, indicating a challenging market performance for BAX.

Latest developments on Baxter International Inc.

Baxter International Inc’s stock has seen significant movements recently, with key events such as surpassing Q1 earnings and revenue estimates and outperforming competitors despite losses on the day. Despite these positive developments, the stock traded lower on Thursday due to lingering issues with Hillrom. Baxter also provided an update on its kidney care business separation and beat The Street in Q1, contributing to the stock’s volatility. The company also raised its annual profit forecast due to strong demand for medical devices, and reported a Q1 earnings beat, despite the stock being down 2%.

A look at Baxter International Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on Smartkarma Smart Scores, Baxter International has a positive long-term outlook. With a high score in Dividend and Momentum, the company is seen as a strong investment option for those looking for stable returns and growth potential. However, the lower scores in Growth and Resilience indicate that there may be some challenges ahead for Baxter International in terms of expanding its market share and weathering economic downturns.

Baxter International Inc. is a company that focuses on developing and manufacturing products related to various medical conditions. Their products are widely used in healthcare facilities and research laboratories. With a balanced mix of scores in different areas, Baxter International is positioned to continue providing value to its shareholders while also maintaining a steady dividend payout. Investors may want to keep an eye on how the company navigates the challenges in growth and resilience to make informed decisions about their investment in Baxter International.

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