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 $3.47 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 $2.79 million.
As published in a research note from Deutsche Bank on January 10, 2025, Boston Scientific Corp [BSX] has been rated up from a Hold to a Buy and the price target has been revised to $108. Analysts at Needham downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid October. As of May 30, 2024, Goldman has initiated its “Buy” rating for BSX. Earlier on February 01, 2024, Mizuho upgraded its rating. Their new recommendation was “a Buy” for BSX stock which previously was a “a Neutral”.
Analyzing BSX Stock Performance
During the last five days, there has been a surge of approximately 2.31%. Over the course of the year, Boston Scientific Corp shares have jumped approximately 9.91%. Shares of the company reached a 52-week high of $98.31 on 01/16/25 and a 52-week low of $88.81 on 01/02/25. A 50-day SMA is recorded $90.32, while a 200-day SMA reached $80.81. Nevertheless, trading volume fell to 5.0 million shares from 5.33 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 97.32, which, if violated, would cause prices to drop to 96.48. In the upper region, resistance lies at 98.66. The next price resistance is at 99.16. RSI (Relative Strength Index) is 74.28 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.00, which suggests the price will increase in the coming days. Percent R is at 1.47%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
