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Potential Price Increase for Boston Scientific Corp (BSX) After Recent Insider Activity

Boston Scientific Corp’s recent filing unveils that its EVP, Human Resources Carruthers Wendy unloaded Company’s shares for reported $0.63 million on Dec 02 ’24. In the deal valued at $90.78 per share,6,983 shares were sold. As a result of this transaction, Carruthers Wendy now holds 29,308 shares worth roughly $2.6 million.

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Then, Woodworth Emily sold 1,336 shares, generating $121,105 in total proceeds. Upon selling the shares at $90.65, the SVP, Global Controller and CAO now owns 2,957 shares.

Before that, WENDY CARRUTHERS bought 6,983 shares. Boston Scientific Corp shares valued at $633,917 were divested by the Officer at a price of $90.78 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 fall -1.50% to $88.72. Over the last five days, the stock has lost -1.89%. Boston Scientific Corp shares have risen nearly 53.47% since the year began. Nevertheless, the stocks have risen 61.22% over the past one year. While a 52-week high of $91.93 was reached on 11/22/24, a 52-week low of $54.52 was recorded on 01/02/24. SMA at 50 days reached $87.36, while 200 days put it at $77.77.

Levels Of Support And Resistance For BSX Stock

The 24-hour chart illustrates a support level at 87.93, which if violated will result in even more drops to 87.15. On the upside, there is a resistance level at 90.09. A further resistance level may holdings at 91.45. The Relative Strength Index (RSI) on the 14-day chart is 48.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.65%. Stochastics %K at 49.65% 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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