Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Boston Scientific Corp shares valued at $671,249 were sold by Sorenson John Bradley on Feb 12 ’25. At $105.06 per share, Sorenson John Bradley sold 6,389 shares. The insider’s holdings dropped to 24,293 shares worth approximately $2.58 million following the completion of this transaction.
Also, Mirviss Jeffrey B. sold 13,022 shares, netting a total of over 1,368,073 in proceeds. Following the sale of shares at $105.06 each, the insider now holds 28,454 shares.
Before that, Fitzgerald Joseph Michael had added 50 shares to its account. In a trade valued at $4,515, the EVP & Group Pres, Cardiology bought Boston Scientific Corp shares for $90.29 each. Upon closing the transaction, the insider’s holdings increased to 50 shares, worth approximately $15.73 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 1.07%. Over the course of the year, Boston Scientific Corp shares have jumped approximately 18.83%. 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 $95.85, while a 200-day SMA reached $84.07. Nevertheless, trading volume fell to 6.27 million shares from 5.46 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 105.30, which, if violated, would cause prices to drop to 104.45. In the upper region, resistance lies at 106.63. The next price resistance is at 107.11. RSI (Relative Strength Index) is 80.38 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.78, which suggests the price will increase in the coming days. Percent R is at 15.44%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
