The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Butterfly Network Inc shares valued at $3,034 were purchased by Stoica Andrei G on Oct 01 ’24. At $1.79 per share, Stoica Andrei G acquired 1,696 shares.
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Also, Stoica Andrei G sold 3,296 shares, netting a total of over 5,735 in proceeds. Following the sale of shares at $1.74 each, the insider now holds 1,467,230 shares.
Before that, Stoica Andrei G had added 3,296 shares to its account. In a trade valued at $5,734, the Officer bought Butterfly Network Inc shares for $1.74 each.
As published in their initiating research note from Lake Street on September 10, 2024, Butterfly Network Inc [BFLY] has been a Buy and the price target has been revised to $3. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in late March. As of November 29, 2022, Oppenheimer has initiated its “an Outperform” rating for BFLY. Earlier on October 04, 2022, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for BFLY stock.
Analyzing BFLY Stock Performance
During the last five days, there has been a surge of approximately 15.58%. Over the course of the year, Butterfly Network Inc shares have jumped approximately 64.81%. Shares of the company reached a 52-week high of $2.2000 on 09/11/24 and a 52-week low of $0.6741 on 04/25/24. A 50-day SMA is recorded $1.3243, while a 200-day SMA reached $1.0907. Nevertheless, trading volume fell to 1.91 million shares from 1.99 million shares the previous day.
Support And Resistance Levels for Butterfly Network Inc (BFLY)
According to the 24-hour chart, there is a support level at 1.6533, which, if violated, would cause prices to drop to 1.5267. In the upper region, resistance lies at 1.8633. The next price resistance is at 1.9467. RSI (Relative Strength Index) is 58.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0140, which suggests the price will decrease in the coming days. Percent R is at 47.06%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
