Stock Market Today, Aug. 26: Boston Scientific Shares Fall 5% on Cybersecurity Incident and Product Recall
Boston Scientific (NYSE:BSX), a global medical device maker, closed at $48.17, down 3.38%. Premarket reports said a cybersecurity incident disrupted global operations and shipping. The company also announced a product recall for certain types of its percutaneous catheters, furthe
Boston Scientific's shares fell on a cybersecurity incident and a product recall. The company's shares closed at $48.17, down 3.38%. According to Nasdaq Markets, a cybersecurity incident disrupted global operations and shipping.
The product recall is for certain types of percutaneous catheters, specifically the ENROUTE Transcarotid Neuroprotection System, due to concerns about the potential separation of the product's arterial sheath tip, as reported by Motley Fool, citing the FDA.
Trading volume for Boston Scientific reached 31.8M shares, about 48% above its three-month average. For comparison, Abbott Laboratories closed at $114.10, down 1.75%, and Medtronic finished at $92.01, up 0.95%.
Brief written by urgent.news from Nasdaq Markets, Motley Fool — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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