Boston Scientific Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Boston Scientific (NYSE:BSX), with options trading data revealing a significant shift. Benzinga's tracking highlighted 12 unusual options activities, with a bearish majority of 66% against 33% bullish. The trading targets a price range of $60.0 to $85.0 for BSX. Current trading volume is 4,094,550 with the stock price at $64.79. Analyst ratings in the last 30 days give an average price target of $69.8, with mixed reviews from RBC Capital, Oppenheimer, Citigroup, and Raymond James.
February 07, 2024 | 8:16 pm
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Bearish sentiment from options trading and mixed analyst ratings suggest a cautious short-term outlook for Boston Scientific.
The bearish sentiment from options trading, especially with a significant portion of investors showing a bearish stance, could lead to short-term price pressure on BSX. Additionally, the mixed analyst ratings, despite an average target above the current price, indicate uncertainty in the stock's direction. The high relevance is due to the direct mention and detailed trading and analyst information provided.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100