5 Oversold Stocks to Buy Right Now

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1. Boston Scientific Corporation (NYSE:BSX)

Number of Hedge Fund Holders: 106

Boston Scientific Corporation (NYSE:BSX) is one of the oversold stocks to buy right now. On May 18, Boston Scientific entered into an accelerated share repurchase/ASR agreement with JPMorgan Chase Bank to buy back $2 billion of its common stock, part of a previously authorized $5 billion program. The company will immediately receive approximately 30.4 million shares, representing 80% of the repurchase value based on the May 15 closing price. The final number of shares will be determined upon completion of the agreement by June 30.

This transaction leaves $3 billion remaining under the company’s total share repurchase authorization. Boston Scientific noted that the ASR is expected to be accretive to its 2026 adjusted earnings per share by $0.02, effectively improving the financial guidance it previously issued in April.

The ASR serves as a key component of Boston Scientific Corporation’s (NYSE:BSX) capital allocation strategy. By using its financial position to reduce share count, the company aims to deliver increased value to shareholders while maintaining resources for its ongoing operational and strategic goals.

Boston Scientific Corporation (NYSE:BSX) is a healthcare company,  incorporated in 1979, that specializes in medical devices for interventional medical specialties. The company’s segments include MedSurg and Cardiovascular.

While we acknowledge the potential of BSX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BSX and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 Best Low Risk Stocks to Buy in 2026 and 12 Best High Short Interest Stocks With Highest Upside Potential.

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