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Reassessing Boston Scientific (BSX) After A 30% Pullback In The Share Price

Reassessing Boston Scientific (BSX) After A 30% Pullback In The Share Price

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  • If you are wondering whether Boston Scientific is attractively priced or looking stretched at around US$74.73 per share, you are not alone. Many investors are reassessing what they are really paying for here.

  • The stock recently closed at US$74.73, with returns of a 2.0% decline over 7 days, 20.3% decline over 30 days, 21.1% decline year to date, and 29.6% decline over 1 year, set against gains of 60.6% over 3 years and 96.5% over 5 years.

  • Recent news has focused on Boston Scientific’s position as a major medical device player and the market’s reassessment of growth expectations and risk after a strong multi year…

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