In a filing, Butterfly Network Inc revealed its President & CEO DEVIVO JOSEPH acquired Company’s shares for reported $98519.0 on Aug 07 ’24. In the deal valued at $0.95 per share,104,000 shares were bought. As a result of this transaction, DEVIVO JOSEPH now holds 7,009,221 shares worth roughly $6.94 million.
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Then, Stoica Andrei G sold 1,703 shares, generating $1,487 in total proceeds. Upon selling the shares at $0.87, the Chief Technology Officer now owns 1,480,738 shares.
Before that, Stoica Andrei G sold 3,363 shares. Butterfly Network Inc shares valued at $3,107 were divested by the Chief Technology Officer at a price of $0.92 per share. As a result of the transaction, Stoica Andrei G now holds 1,482,441 shares, worth roughly $1.47 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 2.01% to $0.99. Over the last five days, the stock has gained 7.11%. Butterfly Network Inc shares have fallen nearly -8.75% since the year began. Nevertheless, the stocks have fallen -43.69% over the past one year. While a 52-week high of $2.04 was reached on 02/27/24, a 52-week low of $0.67 was recorded on 04/25/24. SMA at 50 days reached $1.0084, while 200 days put it at $1.0116.
Levels Of Support And Resistance For BFLY Stock
The 24-hour chart illustrates a support level at 0.9705, which if violated will result in even more drops to 0.9556. On the upside, there is a resistance level at 0.9933. A further resistance level may holdings at 1.0012. The Relative Strength Index (RSI) on the 14-day chart is 49.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0124, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.56%. Stochastics%K at 42.00% indicates the stock is a holding.
How much short interest is there in Butterfly Network Inc?
A steep rise in short interest was recorded in Butterfly Network Inc stocks on 2024-07-31, dropping by -7.9 million shares to a total of 13.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 21.87 million shares. There was a decline of -56.56%, which implies that there is a negative sentiment for the stock.
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.
