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 $370,792 were sold by Sorenson John Bradley on Jan 02 ’25. At $90.02 per share, Sorenson John Bradley sold 4,119 shares. The insider’s holdings dropped to 35,319 shares worth approximately $3.39 million following the completion of this transaction.
Also, Sorenson John Bradley sold 2,342 shares, netting a total of over 210,449 in proceeds. Following the sale of shares at $89.86 each, the insider now holds 32,977 shares.
Before that, Mirviss Jeffrey B. had sold 7,152 shares from its account. In a trade valued at $642,658, the EVP&Pres, Periph Intervent traded Boston Scientific Corp shares for $89.86 each. Upon closing the transaction, the insider’s holdings decreased to 7,152 shares, worth approximately $2.73 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 7.42%. Over the course of the year, Boston Scientific Corp shares have jumped approximately 7.42%. Shares of the company reached a 52-week high of $97.13 on 01/08/25 and a 52-week low of $88.81 on 01/02/25. A 50-day SMA is recorded $89.14, while a 200-day SMA reached $80.11. Nevertheless, trading volume fell to 10.74 million shares from 4.81 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 94.76, which, if violated, would cause prices to drop to 93.57. In the upper region, resistance lies at 97.13. The next price resistance is at 98.32. RSI (Relative Strength Index) is 73.11 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.58, which suggests the price will increase in the coming days. Percent R is at 11.92%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
