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Summary: As a leading medical technology company, Boston Scientific (NYSE: BSX) has a solid track record in the healthcare sector. It’s also publicly traded, which means that you can buy Boston Scientific stock through a reputable brokerage platform, such as eToro.
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About Boston Scientific
Boston Scientific is a global medical technology leader that is dedicated to transforming lives through innovative medical solutions. The company focuses on the development and commercialization of medical devices that address a wide range of health conditions.
Boston Scientific IPO
Boston Scientific went public on May 19, 1992. It currently trades on the New York Stock Exchange (NYSE) under the BSX symbol.
How to buy Boston Scientific stock: Step-by-step
If you wish to buy Boston Scientific stock, feel free to follow our step-by-step guide for a smooth and convenient trading experience.
Step 1: Choose the right broker
To buy Boston Scientific stock, you need to open a brokerage account, which enables you to buy and sell stocks. In this case, our go-to broker is eToro, a widely popular platform with a handful of useful investing features, such as:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- Charting tools;
- A user-friendly platform that simplifies the trading experience.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
When choosing a brokerage platform, you should consider factors such as:
- Fees;
- Chosen stock availability;
- Account minimums;
- User-friendliness of the platform;
- User support.
Step 2: Fund your account
After successfully opening your brokerage account, the next step is to fund it. Most brokers offer various funding options, including bank transfers and electronic transfers. So, link your bank account to your brokerage account and transfer the desired amount of funds.
Step 3: Place your order
With your account funded, you’ll be able to place an order for Boston Scientific stock. To do so, log in to your brokerage account, search for BSX, and access the trading platform. There, you’ll be able to choose between a market order (buy at the current market price) or a limit order (set a specific price at which you want to buy).
Once you do so, enter the number of shares you want to purchase and review your order before confirming. After confirmation, your broker will execute the order, and you’ll become a shareholder of Boston Scientific stock.
Boston Scientific stock price today
Pros and cons of investing in Boston Scientific
Before making any investment, it’s essential to weigh in on the pros and cons. So, here are some key points to consider when contemplating Boston Scientific stock:
Pros
- Innovation: Boston Scientific has a history of innovative medical solutions, contributing to its growth and market presence;
- Stable industry: The healthcare sector tends to be more resilient during economic downturns, providing stability to investments;
- Global presence: Boston Scientific operates on a global scale, reducing dependency on any single market.
Cons
- Regulatory risks: The healthcare industry is subject to strict regulations, which can impact the company’s operations;
- Competition: Intense competition within the medical technology sector may affect Boston Scientific’s market share and profitability;
- Market volatility: Like any stock, Boston Scientific’s value can fluctuate based on market conditions and broader economic factors.
In case you’re looking for the best medical device stocks to invest in, feel free to check out our other guides on leading companies in this sector:
- How to Buy Intuitive Surgical Stock;
- How to Buy Stryker Corporation Stock;
- How to Buy Medtronic Stock;
- How to Buy DexCom Stock;
- How to Buy Edwards Lifesciences Stock;
- How to Buy InMode Stock;
- How to Buy Outset Medical Stock.
Common mistakes of investing in stocks
While investing can be rewarding, novice investors should be wary of making the following common mistakes:
- Impulsive decisions: Avoid making decisions based on emotions or short-term market fluctuations;
- Overlooking fees: Be aware of any fees associated with buying, selling, or maintaining your investment;
- Lack of research: Always conduct thorough research before investing in any stock. Understand the company, its financials, and the industry it operates in.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Boston Scientific stock
Is Boston Scientific publicly traded?
Yes, Boston Scientific is a publicly traded company. It’s listened on the New York Stock Exchange (NYSE) under the ticker BSX.
Who is the largest shareholder of Boston Scientific?
Acotec Scientific Holdings Ltd is the largest shareholder of Boston Scientific, owning 65% of the shares.
Does Boston Scientific stock pay dividends?
No, Boston Scientific doesn’t pay dividends.
Can I buy Boston Scientific stock directly from the company?
No, you can’t buy Boston Scientific stock directly from the company. You need to, instead, use a brokerage platform, such as eToro.
How much money do I need to start investing in Boston Scientific?
The amount varies depending on the broker’s account minimums. Some brokers have no minimum requirement, while others may require a specific initial deposit.
Is investing in stocks risky?
All investments carry some level of risk. It’s crucial to, therefore, assess your risk tolerance and invest accordingly. Also, consider diversification and long-term planning to manage risks better.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
