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Needham gives a Hold recommendation for Boston Scientific Corp (BSX)

Boston Scientific Corp’s filing revealed that its SVP, Global Controller and CAO Woodworth Emily unloaded Company’s shares for reported $0.12 million on Nov 27 ’24. In the deal valued at $90.65 per share,1,336 shares were sold. As a result of this transaction, Woodworth Emily now holds 2,957 shares worth roughly $0.27 million.

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Then, WENDY CARRUTHERS bought 6,983 shares, generating $633,917 in total proceeds.

Before that, Butcher Arthur C sold 14,010 shares. Boston Scientific Corp shares valued at $1,250,664 were divested by the EVP& Grp Pres, MedSurg & APAC at a price of $89.27 per share. As a result of the transaction, Butcher Arthur C now holds 978 shares, worth roughly $88440.54000000001.

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 fall -0.25% to $90.43. Over the last five days, the stock has gained 0.48%. Boston Scientific Corp shares have risen nearly 56.43% since the year began. Nevertheless, the stocks have risen 61.80% over the past one year. While a 52-week high of $91.93 was reached on 11/22/24, a 52-week low of $53.93 was recorded on 01/02/24. SMA at 50 days reached $86.69, while 200 days put it at $77.17.

Levels Of Support And Resistance For BSX Stock

The 24-hour chart illustrates a support level at 89.97, which if violated will result in even more drops to 89.52. On the upside, there is a resistance level at 91.11. A further resistance level may holdings at 91.80. The Relative Strength Index (RSI) on the 14-day chart is 60.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.34%. Stochastics %K at 77.76% indicates the stock is a holding.

How much short interest is there in Boston Scientific Corp?

A steep rise in short interest was recorded in Boston Scientific Corp stocks on 2024-11-15, dropping by -0.28 million shares to a total of 11.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 11.31 million shares. There was a decline of -2.56%, 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.

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