Boston Scientific Corp.’s filing revealed that its Chairman, President & CEO Mahoney Michael F unloaded Company’s shares for reported $13.78 million on Oct 07 ’24. In the deal valued at $84.63 per share,162,777 shares were sold. As a result of this transaction, Mahoney Michael F now holds 1,572,096 shares worth roughly $-137.64 million.
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Then, Fitzgerald Joseph Michael sold 132,527 shares, generating $11,264,888 in total proceeds. Upon selling the shares at $85.00, the EVP & Group Pres, Cardiology now owns 160,467 shares.
Before that, JOSEPH M FITZGERALD bought 132,527 shares. Boston Scientific Corp. shares valued at $11,264,890 were divested by the Officer at a price of $85.00 per share.
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 Monday, Boston Scientific Corp. [NYSE:BSX] saw its stock jump 0.52% to $87.55. Over the last five days, the stock has gained 3.72%. Boston Scientific Corp. shares have risen nearly 51.44% since the year began. Nevertheless, the stocks have risen 80.00% over the past one year. While a 52-week high of $87.28 was reached on 10/14/24, a 52-week low of $48.35 was recorded on 01/02/24. SMA at 50 days reached $81.33, while 200 days put it at $72.74.
Levels Of Support And Resistance For BSX Stock
The 24-hour chart illustrates a support level at 87.05, which if violated will result in even more drops to 86.54. On the upside, there is a resistance level at 87.92. A further resistance level may holdings at 88.29. The Relative Strength Index (RSI) on the 14-day chart is 74.04, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.62%. Stochastics %K at 91.20% 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 2024-09-30, dropping by -0.1 million shares to a total of 10.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 11.02 million shares. There was a decline of -0.94%, which implies that there is a negative sentiment for the stock.
