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 $446,902 were purchased by LUDWIG EDWARD J on Nov 21 ’24. At $91.63 per share, LUDWIG EDWARD J acquired 4,877 shares.
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Also, Sorenson John Bradley sold 30,580 shares, netting a total of over 2,680,572 in proceeds. Following the sale of shares at $87.66 each, the insider now holds 39,706 shares.
Before that, JOHN B SORENSON had added 30,580 shares to its account. In a trade valued at $2,680,569, the Officer bought Boston Scientific Corp shares for $87.66 each.
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 4.46%. Over the course of the year, Boston Scientific Corp shares have jumped approximately 58.28%. Shares of the company reached a 52-week high of $91.72 on 11/21/24 and a 52-week low of $57.11 on 01/02/24. A 50-day SMA is recorded $85.86, while a 200-day SMA reached $76.43. Nevertheless, trading volume fell to 4.2 million shares from 4.79 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 90.58, which, if violated, would cause prices to drop to 89.66. In the upper region, resistance lies at 92.07. The next price resistance is at 92.64. RSI (Relative Strength Index) is 70.90 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.46, which suggests the price will increase in the coming days. Percent R is at 2.69%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
