Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Boston Scientific Corp. shares valued at $1,133,069 were sold by Sorenson John Bradley on Apr 01 ’24. At $69.30 per share, Sorenson John Bradley sold 16,351 shares. The insider’s holdings dropped to 50,638 shares worth approximately $3.41 million following the completion of this transaction.
Also, Carruthers Wendy sold 6,983 shares, netting a total of over 477,777 in proceeds. Following the sale of shares at $68.42 each, the insider now holds 51,068 shares.
Before that, Mirviss Jeffrey B. had sold 14,506 shares from its account. In a trade valued at $963,930, the EVP&Pres, Periph Intervent traded Boston Scientific Corp. shares for $66.45 each. Upon closing the transaction, the insider’s holdings decreased to 14,506 shares, worth approximately $3.92 million.
As published in a research note from Mizuho on February 01, 2024, Boston Scientific Corp. [BSX] has been rated up from a Neutral to a Buy and the price target has been revised to $80 from $65. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid July. As of June 30, 2023, CL King has initiated its “Buy” rating for BSX.
Analyzing BSX Stock Performance
During the last five days, there has been a drop of approximately -2.06%. Over the course of the year, Boston Scientific Corp. shares have jumped approximately 16.62%. Shares of the company reached a 52-week high of $69.21 on 04/11/24 and a 52-week low of $57.11 on 01/02/24. A 50-day SMA is recorded $67.13, while a 200-day SMA reached $57.45. Nevertheless, trading volume fell to 5.95 million shares from 6.18 million shares the previous day.
Support And Resistance Levels for Boston Scientific Corp. (BSX)
According to the 24-hour chart, there is a support level at 67.02, which, if violated, would cause prices to drop to 66.63. In the upper region, resistance lies at 68.01. The next price resistance is at 68.60. RSI (Relative Strength Index) is 48.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.30, which suggests the price will decrease in the coming days. Percent R is at 84.43%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
