Baxter International Inc.’s recently made public that its Officer Stevens Brian acquired Company’s shares for reported $39046.0 on Sep 16 ’24. In the deal valued at $40.01 per share,976 shares were bought.
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Then, Stevens Brian bought 16,063 shares, generating $639,465 in total proceeds.
Before that, Mason Jeanne K sold 64,488 shares. Baxter International Inc. shares valued at $2,618,858 were divested by the EVP, Chief HR Officer at a price of $40.61 per share. As a result of the transaction, Mason Jeanne K now holds 142,290 shares, worth roughly $5.25 million.
Morgan Stanley downgraded its Baxter International Inc. [BAX] rating to an Underweight from a an Equal-weight in a research note published on July 15, 2024; the price target was decreased to $30 from $39. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in late May with a ‘”a Neutral”‘ rating. TD Cowen also remained covering BAX and has decreased its forecast on May 10, 2024 with a “Hold” recommendation from previously “Buy” rating.
Price Performance Review of BAX
On Tuesday, Baxter International Inc. [NYSE:BAX] saw its stock fall -2.79% to $36.91. Over the last five days, the stock has lost -5.31%. Baxter International Inc. shares have fallen nearly -4.53% since the year began. Nevertheless, the stocks have fallen -2.20% over the past one year. While a 52-week high of $44.01 was reached on 03/08/24, a 52-week low of $31.01 was recorded on 06/11/24. SMA at 50 days reached $37.40, while 200 days put it at $38.08.
Levels Of Support And Resistance For BAX Stock
The 24-hour chart illustrates a support level at 36.38, which if violated will result in even more drops to 35.84. On the upside, there is a resistance level at 37.77. A further resistance level may holdings at 38.62. The Relative Strength Index (RSI) on the 14-day chart is 38.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.46%. Stochastics %K at 21.52% indicates the stock is a holding.
How much short interest is there in Baxter International Inc.?
A steep rise in short interest was recorded in Baxter International Inc. stocks on 2024-09-13, growing by 4.46 million shares to a total of 13.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 8.74 million shares. There was a rise of 33.81%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 29, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $43 price target.
