Boston Scientific (BSX) Reaches 52-Week High: What's Aiding It?

Shares of Boston Scientific Corporation (BSX) scaled a new 52-week high of $74.94 on May 17, before closing the session marginally lower at $74.65.Over the past year, this Zacks Rank #2 (Buy) stock has gained 40.7% against a 0.6% decline of the industry. The S&P 500 has witnessed 26.6% growth in the said time frame.Over the past five years, the company registered earnings growth of 7.3% compared with the industry’s 3.9% rise. The company’s long-term expected growth rate of 12.5% compares with the industry’s ...