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 $16,445,072 were sold by Mahoney Michael F on Apr 01 ’25. At $100.01 per share, Mahoney Michael F sold 164,442 shares. The insider’s holdings dropped to 1,594,530 shares worth approximately $159.53 million following the completion of this transaction.
Also, MICHAEL F MAHONEY purchased 164,442 shares, netting a total of over 16,445,068 in proceeds.
Before that, Brown Vance R had sold 4,826 shares from its account. In a trade valued at $486,702, the SVP, GC and Corp. Secretary traded Boston Scientific Corp shares for $100.85 each. Upon closing the transaction, the insider’s holdings decreased to 4,826 shares, worth approximately $4.1 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 -2.24%. Over the course of the year, Boston Scientific Corp shares have jumped approximately 12.01%. 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 $102.08, while a 200-day SMA reached $88.46.
Support And Resistance Levels for Boston Scientific Corp (BSX)
According to the 24-hour chart, there is a support level at 98.65, which, if violated, would cause prices to drop to 97.26. In the upper region, resistance lies at 101.23. The next price resistance is at 102.42. RSI (Relative Strength Index) is 47.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 48.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
