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With a market cap of $9.5 billion, Baxter International Inc. (BAX) is a global healthcare company that specializes in medical products and therapies, with a strong focus on renal care, medication delivery, and pharmaceuticals. The company provides a wide range of healthcare solutions for hospitals, clinics, and home care settings worldwide.
Shares of the Deerfield, Illinois-based company have lagged behind the broader market over the past 52 weeks. BAX stock has decreased 48.5% over this time frame, while the broader S&P 500 Index ($SPX) has gained 17.7%. Moreover, the stock has fallen 36.7% on a YTD basis, compared to SPX's 16.3% rise.