Stocks, people, Devices

BSX CEO Buys 350K Shares

Rebecca Zacks 10/10/08

Boston Scientific CEO James Tobin exercised $2.1 million worth of options on shares of the Natick, MA-based medical device firm yesterday as an “an expression of confidence in the company,” according to a report in the Boston Business Journal. The CEO’s purchase of 350,000 shares of Boston Scientific (NYTS:BSX) stock at $6.13 per share followed on the heels of co-founders Pete Nicholas and John Abele’s involuntary sale of about about 13 million shares as part of an automatic selling plan. Shares of Boston Scientific are trading at $7.31 at around 1:00 pm EST; the 52-week low for the stock is $8.10.