Becton Dickinson stock falls 2.50% but outperforms some rivals
Updated
Updated · MarketWatch · May 8
Becton Dickinson stock falls 2.50% but outperforms some rivals
8 articles · Updated · MarketWatch · May 8
Shares closed at $149.43 as US markets rose, with the S&P 500 up 0.84% and the Dow Jones Industrial Average edging 0.02% higher.
The decline ended a two-day winning streak, though Becton Dickinson fell less than Danaher’s 2.56% drop and Medtronic’s 2.32% decline; DexCom slipped 0.49%.
The stock finished 20.24% below its 52-week high of $187.35 reached on 24 February, while trading volume of 4.5 million topped its 50-day average of 2.8 million.
BDX beat earnings expectations, so why did its stock fall after a major corporate shake-up?
After shedding a key business, can Becton Dickinson's big bet on AI and connected devices actually pay off for investors?