Baxter International’s quarterly earnings data release may impact stock price.
Stock AI’s forecasts:
🔴 -7.7% short-term
🟢 +1.6% long-term
Stock AI’s (BAX) Forecast get (+1.2% Profit)
StockAI’s analysis delivers real-world results. On 15 December 2023, $BAX ($39.04), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $38.56 (🔴-1.2%). Selling BAX on this signal yielded a +1.2% profit 💰💰.
BAX-Baxter International Inc. News
🔴 Baxter International is scheduled to issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.61 per share for the quarter. This uncertainty may lead to a decrease in the stock price.
🔴 Investors bought 17,209 put options on Baxter International stock, representing a 303% increase compared to typical daily volume. This surge in put options could indicate a bearish sentiment among investors and potentially lead to a decrease in the stock price.
🟢 Cooke & Bieler LP lessened its holdings in Baxter International by 37.8% during the fourth quarter. This decrease in holdings may have a positive impact on the stock price as it could indicate confidence in the company’s performance.
🔴 Graypoint LLC cut its stake in Baxter International by 12.3% during the fourth quarter. This reduction in stake may signal a lack of confidence in the company, potentially leading to a decrease in the stock price.
🔴 Baxter International was downgraded by research analysts at TD Cowen from a “buy” rating to a “hold” rating. This downgrade could result in a negative impact on the stock price as it may deter potential investors.
🟢 Russell Investments Group Ltd. grew its stake in Baxter International by 79.9% in the fourth quarter. This increase in stake could have a positive effect on the stock price as it demonstrates confidence in the company’s prospects.
The recent news surrounding Baxter International Inc. stock has been mixed, with some factors potentially leading to a decrease in the stock price and others indicating a positive impact. The uncertainty surrounding the upcoming quarterly earnings report and the surge in put options may create a bearish sentiment among investors, resulting in a potential decrease in the stock price. Additionally, the downgrade by research analysts and reduction in stake by Graypoint LLC may further contribute to a negative impact on the stock price. However, the increase in stake by Russell Investments Group Ltd. and the decrease in holdings by Cooke & Bieler LP could provide some support to the stock price. Overall, investors should closely monitor these developments to assess the potential impact on Baxter International stock.
BAX-Baxter International Inc. Analyst Ratings
In recent analyst ratings for Baxter International Inc. (NYSE:BAX) stock, there have been some notable changes:
📉 TD Cowen downgraded Baxter International from a “buy” rating to a “hold” rating.
📉 Baxter International has received an average rating of “hold” from nine research firms covering the company.
📉 Livforsakringsbolaget Skandia Omsesidigt increased its stake in Baxter International, indicating confidence in the stock.
Sources:
1. ETF Daily News
2. ETF Daily News
3. ETF Daily News
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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