Butterfly Network Inc’s recently made public that its Chief Technology Officer Stoica Andrei G unloaded Company’s shares for reported $10602.0 on Jun 05 ’24. In the deal valued at $0.90 per share,11,754 shares were sold. As a result of this transaction, Stoica Andrei G now holds 1,485,804 shares worth roughly $1.41 million.
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Then, Getz Heather C sold 59,848 shares, generating $57,035 in total proceeds. Upon selling the shares at $0.95, the EVP, CFO & COO now owns 2,699,469 shares.
Before that, Stoica Andrei G sold 1,778 shares. Butterfly Network Inc shares valued at $1,782 were divested by the Chief Technology Officer at a price of $1.00 per share. As a result of the transaction, Stoica Andrei G now holds 1,497,558 shares, worth roughly $1.42 million.
UBS initiated its Butterfly Network Inc [BFLY] rating to a Neutral in a research note published on March 29, 2023; the price target was $2.25. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in late November with a ‘”an Outperform”‘ rating. B. Riley Securities began covering BFLY with “Buy” recommendation on October 04, 2022. UBS started covering the stock on December 17, 2021. It rated BFLY as “a Neutral”.
Price Performance Review of BFLY
On Monday, Butterfly Network Inc [NYSE:BFLY] saw its stock jump 6.04% to $0.95. Over the last five days, the stock has lost -2.06%. Butterfly Network Inc shares have fallen nearly -12.04% since the year began. Nevertheless, the stocks have fallen -57.78% over the past one year. While a 52-week high of $2.71 was reached on 02/27/24, a 52-week low of $0.67 was recorded on 04/25/24. SMA at 50 days reached $0.9380, while 200 days put it at $1.0781. A total of 1.15 million shares were traded, compared to the trading of 0.78 million shares in the previous session.
Levels Of Support And Resistance For BFLY Stock
The 24-hour chart illustrates a support level at 0.8942, which if violated will result in even more drops to 0.8383. On the upside, there is a resistance level at 0.9829. A further resistance level may holdings at 1.0157. The Relative Strength Index (RSI) on the 14-day chart is 47.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0566, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.64%. Stochastics %K at 26.51% indicates the stock is a holding.
The most recent change occurred on June 21, 2021 when Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $20 price target.
