Boston Scientific Inc. (BSX): Today's Featured Health Care Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
.
(
) pushed the Health Care sector lower today making it today's featured Health Care laggard. The sector as a whole closed the day up 1.4%. By the end of trading, Boston Scientific fell 6 cents (-1.1%) to $5.63 on average volume. Throughout the day, 13.5 million shares of Boston Scientific exchanged hands as compared to its average daily volume of 13.4 million shares. The stock ranged in price between $5.59-$5.77 after having opened the day at $5.70 as compared to the previous trading day's close of $5.69. Other companies within the Health Care sector that declined today were:
(
), down 32%,
(
), down 13.3%,
(
), down 10.9%, and
(
), down 10.3%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
Boston Scientific Corporation develops, manufactures, and markets medical devices used in various interventional medical specialties worldwide. Boston Scientific has a market cap of $7.73 billion and is part of the health services industry. Shares are up 5.4% year to date as of the close of trading on Wednesday. Currently there are five analysts that rate Boston Scientific a buy, one analyst rates it a sell, and 15 rate it a hold.
TheStreet Ratings rates Boston Scientific as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and weak operating cash flow.
- You can view the full Boston Scientific Ratings Report.
On the positive front,
(
), up 37.3%,
(
), up 20%,
(
), up 18.6%, and
(
), up 15.4%, were all gainers within the health care sector with
(
) being today's featured health care sector leader.
- Use our health care section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health care sector could consider
Health Care Select Sector SPDR
(
) while those bearish on the health care sector could consider
ProShares Ultra Short Health Care
(
).
- Find other investment ideas from our top rated ETFs lists.
Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade
.
null