Boston Scientific's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Investors are showing a bearish sentiment towards Boston Scientific (NYSE:BSX) with significant options trading activity. Benzinga's options scanner detected 26 unusual trades, with 53% being bearish. Analysts have mixed ratings, with price targets ranging from $86 to $100. The stock is currently trading at $88.01, slightly down, and may be overbought. The next earnings report is due in two days.
October 21, 2024 | 8:45 pm
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Boston Scientific is experiencing unusual options trading activity, with a majority of trades being bearish. Analysts have mixed ratings, with price targets ranging from $86 to $100. The stock is currently trading at $88.01, slightly down, and may be overbought. The next earnings report is due in two days.
The unusual options activity with a bearish sentiment suggests that investors expect the stock price to decline. The mixed analyst ratings and the upcoming earnings report add uncertainty, contributing to a likely short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100