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 $37,969 were purchased by Stoica Andrei G on Dec 05 ’24. At $3.37 per share, Stoica Andrei G acquired 11,277 shares.
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Also, Stoica Andrei G sold 1,696 shares, netting a total of over 3,034 in proceeds. Following the sale of shares at $1.79 each, the insider now holds 1,465,534 shares.
Before that, Stoica Andrei G had added 1,696 shares to its account. In a trade valued at $3,034, the Officer bought Butterfly Network Inc shares for $1.79 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 0.61%. Over the course of the year, Butterfly Network Inc shares have jumped approximately 206.48%. Shares of the company reached a 52-week high of $3.55 on 11/21/24 and a 52-week low of $0.67 on 04/25/24. A 50-day SMA is recorded $2.30, while a 200-day SMA reached $1.39. Nevertheless, trading volume fell to 2.09 million shares from 3.31 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 3.22, which, if violated, would cause prices to drop to 3.13. In the upper region, resistance lies at 3.44. The next price resistance is at 3.58. RSI (Relative Strength Index) is 69.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 18.97%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
