Baxter (BAX) Inks Partnership With Americares, Stock Down
Zacks Investment Research | Nov 30, 2016 07:39AM ET
Headquartered in Deerfield, IL, Baxter International Inc. (NYSE:BAX) , a global medical technology company, announced a new oral health project in collaboration with Americares, a health-focused relief and development organization. Notably, share prices lost 4.1% to close at $44.76 following the news.
The project is formally known as The Americares Oral Health Project and is exclusively formulated to enhance the capacity of 30 Americares partner clinics in delivering better oral hygiene conditions, especially to the uninsured, underinsured and low-income patients. Notably, Baxter would fund the year-long project with a grant of nearly $75,000 to Americares.
Meanwhile, the current market trends of Baxter represent lucrative sentiments as it promises a solid one-year return of almost 18%, much better than S&P 500’s roughly 4.9% over the same time frame.
In the past six months, Baxter has outperformed the Zacks categorized sub industry trend with respect to price performance. Notably, the company represents a positive return of 3.71%, much better than Medical Product industry’s return of -4.47%.
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