Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Baxter International Inc shares valued at $39,046 were purchased by Stevens Brian on Sep 16 ’24. At $40.01 per share, Stevens Brian acquired 976 shares.
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Also, Stevens Brian purchased 16,063 shares, netting a total of over 639,465 in proceeds.
Before that, Mason Jeanne K had sold 64,488 shares from its account. In a trade valued at $2,618,858, the EVP, Chief HR Officer traded Baxter International Inc shares for $40.61 each. Upon closing the transaction, the insider’s holdings decreased to 64,488 shares, worth approximately $4.39 million.
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 -3.32%. Over the course of the year, Baxter International Inc shares have dropped approximately -20.23%. Shares of the company reached a 52-week high of $44.01 on 03/08/24 and a 52-week low of $30.76 on 12/11/24. A 50-day SMA is recorded $34.61, while a 200-day SMA reached $36.82. Nevertheless, trading volume fell to 3.79 million shares from 6.61 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 30.63, which, if violated, would cause prices to drop to 30.41. In the upper region, resistance lies at 31.22. The next price resistance is at 31.59. RSI (Relative Strength Index) is 27.25 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.41, which suggests the price will decrease in the coming days. Percent R is at 97.54%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
