The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Boston Scientific Corp shares valued at $13,794,851 were sold by Mahoney Michael F on Nov 05 ’24. At $84.75 per share, Mahoney Michael F sold 162,778 shares. The insider’s holdings dropped to 1,521,205 shares worth approximately $132.16 million following the completion of this transaction.
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Also, MICHAEL F MAHONEY purchased 162,778 shares, netting a total of over 13,794,843 in proceeds.
Before that, Carruthers Wendy had sold 6,983 shares from its account. In a trade valued at $588,876, the EVP, Human Resources traded Boston Scientific Corp shares for $84.33 each. Upon closing the transaction, the insider’s holdings decreased to 6,983 shares, worth approximately $2.78 million.
As published in a research note from Needham on October 18, 2024, Boston Scientific Corp [BSX] has been rated down from a Buy to a Hold. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in late May. As of February 01, 2024, Mizuho has increased its “Neutral” rating to a “Buy” for BSX. Earlier on July 19, 2023, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for BSX stock.
Analyzing BSX Stock Performance
During the last five days, there has been a surge of approximately 3.40%. Over the course of the year, Boston Scientific Corp shares have jumped approximately 50.29%. Shares of the company reached a 52-week high of $88.79 on 10/21/24 and a 52-week low of $57.11 on 01/02/24. A 50-day SMA is recorded $84.45, while a 200-day SMA reached $75.13. Nevertheless, trading volume fell to 4.65 million shares from 6.2 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 86.21, which, if violated, would cause prices to drop to 85.55. In the upper region, resistance lies at 87.44. The next price resistance is at 88.01. RSI (Relative Strength Index) is 60.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.72, which suggests the price will decrease in the coming days. Percent R is at 23.44%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
