Butterfly Network Inc’s recent filing unveils that its Chief Technology Officer Stoica Andrei G unloaded Company’s shares for reported $3034.0 on Oct 01 ’24. In the deal valued at $1.79 per share,1,696 shares were sold. As a result of this transaction, Stoica Andrei G now holds 1,465,534 shares worth roughly $4.75 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
Sponsored
Then, Stoica Andrei G bought 1,696 shares, generating $3,034 in total proceeds.
Before that, Stoica Andrei G sold 3,296 shares. Butterfly Network Inc shares valued at $5,735 were divested by the Chief Technology Officer at a price of $1.74 per share. As a result of the transaction, Stoica Andrei G now holds 1,467,230 shares, worth roughly $4.75 million.
Lake Street initiated its Butterfly Network Inc [BFLY] rating to a Buy in a research note published on September 10, 2024; the price target was $3. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in late March with a ‘”a Neutral”‘ rating. Oppenheimer began covering BFLY with “an Outperform” recommendation on November 29, 2022. B. Riley Securities started covering the stock on October 04, 2022. It rated BFLY as “a Buy”.
Price Performance Review of BFLY
On Friday, Butterfly Network Inc [NYSE:BFLY] saw its stock fall -1.52% to $3.24. Over the last five days, the stock has gained 37.87%. Butterfly Network Inc shares have risen nearly 200.00% since the year began. Nevertheless, the stocks have risen 217.65% over the past one year. While a 52-week high of $3.55 was reached on 11/21/24, a 52-week low of $0.67 was recorded on 04/25/24. SMA at 50 days reached $2.06, while 200 days put it at $1.30.
Levels Of Support And Resistance For BFLY Stock
The 24-hour chart illustrates a support level at 3.14, which if violated will result in even more drops to 3.03. On the upside, there is a resistance level at 3.33. A further resistance level may holdings at 3.41. The Relative Strength Index (RSI) on the 14-day chart is 72.40, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.62%. Stochastics %K at 87.30% indicates the stock is a selling.
How much short interest is there in Butterfly Network Inc?
A steep rise in short interest was recorded in Butterfly Network Inc stocks on 2024-10-31, growing by 0.21 million shares to a total of 13.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 13.03 million shares. There was a rise of 1.57%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 17, 2021 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $7 price target.
