Baxter International stock advances 1.37% to $16.98
Updated
Updated · MarketWatch · May 6
Baxter International stock advances 1.37% to $16.98
11 articles · Updated · MarketWatch · May 6
The gain came as the S&P 500 rose 1.46% to 7,365.12 and the Dow added 1.24% to 49,910.59, marking Baxter's second straight daily rise.
Baxter outperformed Medtronic and Stryker, whose shares fell, and topped Becton Dickinson's smaller 0.41% gain during Wednesday's broad market rally.
Despite the advance, Baxter closed 48.04% below its 52-week high of $32.68 reached on May 12, while trading volume of 5.9 million stayed well below its 50-day average.
Baxter beat earnings expectations, so why does its stock still languish nearly 50% below its peak?
With shrinking profits and divided analysts, can Baxter's new digital strategy actually revive the company?