Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Boston Scientific Corp shares valued at $1,250,664 were sold by Butcher Arthur C on Nov 25 ’24. At $89.27 per share, Butcher Arthur C sold 14,010 shares. The insider’s holdings dropped to 978 shares worth approximately $88753.5 following the completion of this transaction.
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Also, ARTHUR C BUTCHER purchased 14,010 shares, netting a total of over 1,250,663 in proceeds.
Before that, LUDWIG EDWARD J had sold 4,877 shares from its account. In a trade valued at $446,902, the Director traded Boston Scientific Corp shares for $91.63 each. Upon closing the transaction, the insider’s holdings decreased to 4,877 shares, worth approximately $3.58 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 0.64%. Over the course of the year, Boston Scientific Corp shares have jumped approximately 56.98%. Shares of the company reached a 52-week high of $91.93 on 11/22/24 and a 52-week low of $57.11 on 01/02/24. A 50-day SMA is recorded $86.43, while a 200-day SMA reached $76.93. Nevertheless, trading volume fell to 3.78 million shares from 4.28 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 90.19, which, if violated, would cause prices to drop to 89.63. In the upper region, resistance lies at 91.17. The next price resistance is at 91.59. RSI (Relative Strength Index) is 62.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.68, which suggests the price will decrease in the coming days. Percent R is at 19.93%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
