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Monitoring Boston Scientific Corp. (BSX) after recent insider movements

Boston Scientific Corp.’s filing revealed that its EVP & Pres, Eur, Mid-East, Afr Thepaut Eric Francis Yves unloaded Company’s shares for reported $0.96 million on May 10 ’24. In the deal valued at $74.14 per share,12,931 shares were sold. As a result of this transaction, Thepaut Eric Francis Yves now holds 31,422 shares worth roughly $2.29 million.

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Then, Dockendorff Charles J sold 3,946 shares, generating $286,874 in total proceeds. Upon selling the shares at $72.70, the Director now owns 0 shares.

Before that, Sorenson John Bradley sold 17,587 shares. Boston Scientific Corp. shares valued at $1,257,488 were divested by the EVP, Global Operations at a price of $71.50 per share. As a result of the transaction, Sorenson John Bradley now holds 50,638 shares, worth roughly $3.69 million.

Mizuho upgraded its Boston Scientific Corp. [BSX] rating to a Buy from a a Neutral in a research note published on February 01, 2024; the price target was increased to $80 from $65. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. CL King began covering BSX with “Buy” recommendation on June 30, 2023.

Price Performance Review of BSX

On Monday, Boston Scientific Corp. [NYSE:BSX] saw its stock fall -1.19% to $72.81. Over the last five days, the stock has gained 0.36%. Boston Scientific Corp. shares have risen nearly 25.95% since the year began. Nevertheless, the stocks have risen 36.37% over the past one year. While a 52-week high of $74.39 was reached on 04/24/24, a 52-week low of $48.35 was recorded on 01/02/24. SMA at 50 days reached $69.17, while 200 days put it at $59.09. A total of 4.89 million shares were traded, compared to the trading of 3.79 million shares in the previous session.

Levels Of Support And Resistance For BSX Stock

The 24-hour chart illustrates a support level at 72.37, which if violated will result in even more drops to 71.93. On the upside, there is a resistance level at 73.54. A further resistance level may holdings at 74.27. The Relative Strength Index (RSI) on the 14-day chart is 59.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.20%. Stochastics %K at 79.79% indicates the stock is a holding.

The most recent change occurred on March 29, 2023 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $57 price target.

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