27-Mar-2024
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Dave Hickey Announces Intent to Retire from BD
PRNewswire (Tue, 27-Feb 6:50 AM ET)
Becton, Dickinson is the world's largest manufacturer and distributor of medical surgical products, such as needles, syringes, and sharps-disposal units. The company also manufactures pre-filled devices, diagnostic instruments and reagents, as well as flow cytometry and cell-imaging systems. BD Medical is nearly half of the total business, while BD Life Sciences (27% of 2023 revenue) and BD Interventional (24%) account for the remainder. International revenue accounts for 43% of the company's business.
Becton Dickinson And Company trades on the NYSE stock market under the symbol BDX.
As of March 27, 2024, BDX stock price climbed to $246.53 with 752,136 million shares trading.
BDX has a beta of 0.67, meaning it tends to be less sensitive to market movements. BDX has a correlation of 0.15 to the broad based SPY ETF.
BDX has a market cap of $71.38 billion. This is considered a Large Cap stock.
Last quarter Becton Dickinson And Company reported $5 billion in Revenue and $2.68 earnings per share. This fell short of revenue expectation by $-24 million and exceeded earnings estimates by $.28.
In the last 3 years, BDX stock traded as high as $287.32 and as low as $215.90.
The top ETF exchange traded funds that BDX belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.
BDX has underperformed the market in the last year with a return of +4.1%, while the SPY ETF gained +33.9%. In the last 3 month period, BDX fell short of the market, returning +1.7%, while SPY returned +10.3%. However, in the most recent 2 weeks BDX has outperformed the stock market by returning +3.7%, while SPY returned +1.5%.
BDX support price is $239.16 and resistance is $244.60 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BDX stock will trade within this expected range on the day.