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Boston Scientific CDS prices jump more than stock price

|Includes: Boston Scientific Corporation (BSX), MDT, STJ
Boston Scientific CDS is today’s largest gainer with the reported 5-year mid-level jumping 50% or 50 basis points to 150 bps today after news it was halting sales of one of its biggest products. The stock is also second most actively traded stock on the NYSE with over 150 million shares traded so far. The share price is hovering around $6.75 which is down 13% from the previous day.

Disclosure: long all stocks