Boston Scientific Corp.’s recent filing unveils that its EVP, Human Resources Carruthers Wendy unloaded Company’s shares for reported $0.57 million on Sep 03 ’24. In the deal valued at $81.70 per share,6,983 shares were sold. As a result of this transaction, Carruthers Wendy now holds 37,468 shares worth roughly $3.04 million.
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Then, WENDY CARRUTHERS bought 6,983 shares, generating $570,511 in total proceeds.
Before that, Fitzgerald Joseph Michael sold 14,132 shares. Boston Scientific Corp. shares valued at $1,130,560 were divested by the EVP & Group Pres, Cardiology at a price of $80.00 per share. As a result of the transaction, Fitzgerald Joseph Michael now holds 176,355 shares, worth roughly $14.31 million.
Goldman initiated its Boston Scientific Corp. [BSX] rating to a Buy in a research note published on May 30, 2024; the price target was $90. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in early February from “a Neutral” to “a Buy”. Robert W. Baird began covering BSX with “an Outperform” recommendation on July 19, 2023. CL King started covering the stock on June 30, 2023. It rated BSX as “a Buy”.
Price Performance Review of BSX
On Tuesday, Boston Scientific Corp. [NYSE:BSX] saw its stock fall -0.79% to $81.14. Over the last five days, the stock has gained 2.10%. Boston Scientific Corp. shares have risen nearly 40.36% since the year began. Nevertheless, the stocks have risen 50.43% over the past one year. While a 52-week high of $82.10 was reached on 08/30/24, a 52-week low of $48.35 was recorded on 01/02/24. SMA at 50 days reached $77.04, while 200 days put it at $68.60.
Levels Of Support And Resistance For BSX Stock
The 24-hour chart illustrates a support level at 80.59, which if violated will result in even more drops to 80.05. On the upside, there is a resistance level at 81.88. A further resistance level may holdings at 82.63. The Relative Strength Index (RSI) on the 14-day chart is 66.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.55%. Stochastics %K at 92.05% indicates the stock is a selling.
How much short interest is there in Boston Scientific Corp.?
A steep rise in short interest was recorded in Boston Scientific Corp. stocks on 2024-08-15, dropping by -0.78 million shares to a total of 10.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 11.53 million shares. There was a decline of -7.29%, which implies that there is a negative sentiment for the stock.
