Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $5.06 million following the completion of this transaction.
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As published in a research note from Morgan Stanley on July 15, 2024, Baxter International Inc. [BAX] has been rated down from an Equal-weight to an Underweight and the price target has been revised to $30 from $39. Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in late May. As of May 10, 2024, TD Cowen has decreased its “Buy” rating to a “Hold” for BAX.
Analyzing BAX Stock Performance
During the last five days, there has been a drop of approximately -2.90%. Over the course of the year, Baxter International Inc. shares have dropped approximately -8.10%. Shares of the company reached a 52-week high of $44.01 on 03/08/24 and a 52-week low of $32.48 on 06/11/24. A 50-day SMA is recorded $34.65, while a 200-day SMA reached $37.56. Nevertheless, trading volume fell to 6.97 million shares from 9.72 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 34.86, which, if violated, would cause prices to drop to 34.20. In the upper region, resistance lies at 35.91. The next price resistance is at 36.30. RSI (Relative Strength Index) is 49.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.36, which suggests the price will decrease in the coming days. Percent R is at 58.42%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
