Baxter International Inc
Score: Negative (11)
5 days at current score.
Downgraded from Neutral on June 24th 2018
- This company ranked negatively compared to the Healthcare sector with 2 negative IHS Markit Categories
- Perception of the company's creditworthiness is negative
- ETFs holding this stock are seeing positive inflows but are weakening
- Bearish sentiment is low
Short interest | Positive
Short interest is extremely low for BAX with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting BAX.
ETF/Index ownership | Negative
ETF activity is negative and may be weakening. The net inflows of $496 million over the last one-month into ETFs that hold BAX are among the lowest of the last year and appear to be slowing.
PMI by IHS Markit | Neutral
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Healthcare sector is rising. The rate of growth is very weak relative to the trend shown over the past year. In fact, it has been weak enough that the rate of expansion may accelerate in the coming months.
Credit default swap | Negative
The current level displays a negative indicator. BAX credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.
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