In a filing, Boston Scientific Corp revealed its Officer JOHN B SORENSON acquired Company’s shares for reported $2.68 million on Nov 08 ’24. In the deal valued at $87.66 per share,30,580 shares were bought.
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Then, Mahoney Michael F sold 162,778 shares, generating $13,794,851 in total proceeds. Upon selling the shares at $84.75, the Chairman, President & CEO now owns 1,521,205 shares.
Before that, MICHAEL F MAHONEY bought 162,778 shares. Boston Scientific Corp shares valued at $13,794,843 were divested by the Officer at a price of $84.75 per share.
Needham downgraded its Boston Scientific Corp [BSX] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in late May with a ‘”a Buy”‘ rating. Mizuho also remained covering BSX and has increased its forecast on February 01, 2024 with a “Buy” recommendation from previously “Neutral” rating. Robert W. Baird started covering the stock on July 19, 2023. It rated BSX as “an Outperform”.
Price Performance Review of BSX
On Monday, Boston Scientific Corp [NYSE:BSX] saw its stock jump 0.26% to $88.48. Over the last five days, the stock has gained 4.44%. Boston Scientific Corp shares have risen nearly 53.05% since the year began. Nevertheless, the stocks have risen 72.04% over the past one year. While a 52-week high of $88.94 was reached on 11/08/24, a 52-week low of $50.84 was recorded on 01/02/24. SMA at 50 days reached $84.74, while 200 days put it at $75.41.
Levels Of Support And Resistance For BSX Stock
The 24-hour chart illustrates a support level at 88.16, which if violated will result in even more drops to 87.84. On the upside, there is a resistance level at 88.85. A further resistance level may holdings at 89.22. The Relative Strength Index (RSI) on the 14-day chart is 67.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.54%. Stochastics %K at 87.57% 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 2024-10-15, dropping by -0.89 million shares to a total of 11.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 12.2 million shares. There was a decline of -7.89%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 30, 2023 when CL King began covering the stock and recommended ‘”a Buy”‘ rating along with a $64 price target.
