Boston Scientific Corp.’s recently made public that its Chairman, President & CEO Mahoney Michael F unloaded Company’s shares for reported $13.21 million on Sep 05 ’24. In the deal valued at $81.17 per share,162,777 shares were sold. As a result of this transaction, Mahoney Michael F now holds 1,622,987 shares worth roughly $135.21 million.
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Then, MICHAEL F MAHONEY bought 162,777 shares, generating $13,212,533 in total proceeds.
Before that, Carruthers Wendy sold 6,983 shares. Boston Scientific Corp. shares valued at $570,511 were divested by the EVP, Human Resources at a price of $81.70 per share. As a result of the transaction, Carruthers Wendy now holds 37,468 shares, worth roughly $3.12 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 Friday, Boston Scientific Corp. [NYSE:BSX] saw its stock fall -0.62% to $83.31. Over the last five days, the stock has gained 2.10%. Boston Scientific Corp. shares have risen nearly 44.11% since the year began. Nevertheless, the stocks have risen 56.60% over the past one year. While a 52-week high of $83.84 was reached on 09/13/24, a 52-week low of $48.35 was recorded on 01/02/24. SMA at 50 days reached $77.97, while 200 days put it at $69.71.
Levels Of Support And Resistance For BSX Stock
The 24-hour chart illustrates a support level at 82.94, which if violated will result in even more drops to 82.58. On the upside, there is a resistance level at 83.89. A further resistance level may holdings at 84.48. The Relative Strength Index (RSI) on the 14-day chart is 68.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.71, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.43%. Stochastics %K at 92.47% 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 2024-08-30, growing by 0.22 million shares to a total of 11.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 10.8 million shares. There was a rise of 2.0%, which implies that there is a positive sentiment for the stock.
