The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Boston Scientific Corp shares valued at $1,762,507 were sold by Butcher Arthur C on Feb 03 ’25. At $101.80 per share, Butcher Arthur C sold 17,313 shares. The insider’s holdings dropped to 5,502 shares worth approximately $0.58 million following the completion of this transaction.
Also, ARTHUR C BUTCHER purchased 17,313 shares, netting a total of over 1,762,506 in proceeds.
Before that, Sorenson John Bradley had sold 4,119 shares from its account. In a trade valued at $370,792, the EVP, Global Operations traded Boston Scientific Corp shares for $90.02 each. Upon closing the transaction, the insider’s holdings decreased to 4,119 shares, worth approximately $3.71 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 2.20%. Over the course of the year, Boston Scientific Corp shares have jumped approximately 17.52%. Shares of the company reached a 52-week high of $107.17 on 02/05/25 and a 52-week low of $88.81 on 01/02/25. A 50-day SMA is recorded $94.01, while a 200-day SMA reached $83.02. Nevertheless, trading volume fell to 10.67 million shares from 9.76 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 102.55, which, if violated, would cause prices to drop to 100.13. In the upper region, resistance lies at 107.28. The next price resistance is at 109.59. RSI (Relative Strength Index) is 80.89 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.01, which suggests the price will increase in the coming days. Percent R is at 21.57%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
