Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Baxter International Inc. shares valued at $2,618,858 were sold by Mason Jeanne K on Mar 01 ’24. At $40.61 per share, Mason Jeanne K sold 64,488 shares. The insider’s holdings dropped to 142,290 shares worth approximately $4.84 million following the completion of this transaction.
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As published in a research note from TD Cowen on May 10, 2024, Baxter International Inc. [BAX] has been rated down from a Buy to a Hold and the price target has been revised to $40. As of March 29, 2023, UBS has initiated its “Neutral” rating for BAX. Earlier on January 06, 2023, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for BAX stock which previously was a “an Overweight”.
Analyzing BAX Stock Performance
During the last five days, there has been a drop of approximately -3.33%. Over the course of the year, Baxter International Inc. shares have dropped approximately -12.05%. Shares of the company reached a 52-week high of $44.01 on 03/08/24 and a 52-week low of $33.58 on 05/23/24. A 50-day SMA is recorded $39.53, while a 200-day SMA reached $38.55. Nevertheless, trading volume fell to 6.33 million shares from 2.78 million shares the previous day.
Support And Resistance Levels for Baxter International Inc. (BAX)
According to the 24-hour chart, there is a support level at 33.65, which, if violated, would cause prices to drop to 33.31. In the upper region, resistance lies at 34.27. The next price resistance is at 34.55. RSI (Relative Strength Index) is 19.62 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.04, which suggests the price will decrease in the coming days. Percent R is at 88.09%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
