KD Logo

A company insider recently sold 3,363 shares of Butterfly Network Inc [BFLY]. Should You also Consider to Sale?

Butterfly Network Inc’s recent filing unveils that its Chief Technology Officer Stoica Andrei G unloaded Company’s shares for reported $3107.0 on Jun 25 ’24. In the deal valued at $0.92 per share,3,363 shares were sold. As a result of this transaction, Stoica Andrei G now holds 1,482,441 shares worth roughly $1.39 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Then, Stoica Andrei G sold 11,754 shares, generating $10,602 in total proceeds. Upon selling the shares at $0.90, the Chief Technology Officer now owns 1,485,804 shares.

Before that, Getz Heather C sold 59,848 shares. Butterfly Network Inc shares valued at $57,035 were divested by the EVP, CFO & COO at a price of $0.95 per share. As a result of the transaction, Getz Heather C now holds 2,699,469 shares, worth roughly $2.54 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 Tuesday, Butterfly Network Inc [NYSE:BFLY] saw its stock jump 8.39% to $0.94. Over the last five days, the stock has gained 0.41%. Butterfly Network Inc shares have fallen nearly -12.96% since the year began. Nevertheless, the stocks have fallen -59.13% 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 $0.9292, while 200 days put it at $1.0122. A total of 2.61 million shares were traded, compared to the trading of 21.44 million shares in the previous session.

Levels Of Support And Resistance For BFLY Stock

The 24-hour chart illustrates a support level at 0.8853, which if violated will result in even more drops to 0.8307. On the upside, there is a resistance level at 0.9693. A further resistance level may holdings at 0.9987. The Relative Strength Index (RSI) on the 14-day chart is 51.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0321, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.33%. Stochastics%K at 34.81% 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.

Most Popular