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 $286,874 were sold by Dockendorff Charles J on May 07 ’24. At $72.70 per share, Dockendorff Charles J sold 3,946 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Sorenson John Bradley sold 17,587 shares, netting a total of over 1,257,488 in proceeds. Following the sale of shares at $71.50 each, the insider now holds 50,638 shares.
Before that, Carruthers Wendy had sold 6,983 shares from its account. In a trade valued at $499,075, the EVP, Human Resources traded Boston Scientific Corp. shares for $71.47 each. Upon closing the transaction, the insider’s holdings decreased to 6,983 shares, worth approximately $3.58 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 surge of approximately 2.87%. Over the course of the year, Boston Scientific Corp. shares have jumped approximately 28.18%. Shares of the company reached a 52-week high of $74.39 on 04/24/24 and a 52-week low of $57.11 on 01/02/24. A 50-day SMA is recorded $68.90, while a 200-day SMA reached $58.88. Nevertheless, trading volume fell to 6.13 million shares from 5.05 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 73.18, which, if violated, would cause prices to drop to 72.26. In the upper region, resistance lies at 74.58. The next price resistance is at 75.07. RSI (Relative Strength Index) is 68.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.23, which suggests the price will increase in the coming days. Percent R is at 3.82%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
