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 $347,443 were sold by Sorenson John Bradley on Feb 19 ’25. At $105.19 per share, Sorenson John Bradley sold 3,303 shares. The insider’s holdings dropped to 20,991 shares worth approximately $2.21 million following the completion of this transaction.
Also, Sorenson John Bradley sold 2,657 shares, netting a total of over 277,417 in proceeds. Following the sale of shares at $104.41 each, the insider now holds 24,294 shares.
Before that, Mirviss Jeffrey B. had sold 1,510 shares from its account. In a trade valued at $159,078, the EVP&Pres, Periph Intervent traded Boston Scientific Corp shares for $105.35 each. Upon closing the transaction, the insider’s holdings decreased to 1,510 shares, worth approximately $3.49 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 drop of approximately -0.39%. Over the course of the year, Boston Scientific Corp shares have jumped approximately 17.96%. 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 $97.05, while a 200-day SMA reached $84.74. Nevertheless, trading volume fell to 5.98 million shares from 4.31 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 104.65, which, if violated, would cause prices to drop to 103.93. In the upper region, resistance lies at 105.78. The next price resistance is at 106.19. RSI (Relative Strength Index) is 71.01 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.40, which suggests the price will decrease in the coming days. Percent R is at 27.98%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
