Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Butterfly Network Inc shares valued at $37,970 were sold by Stoica Andrei G on Dec 05 ’24. At $3.37 per share, Stoica Andrei G sold 11,277 shares. The insider’s holdings dropped to 1,454,257 shares worth approximately $5.15 million following the completion of this transaction.
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Also, Stoica Andrei G purchased 11,277 shares, netting a total of over 37,969 in proceeds.
Before that, Stoica Andrei G had sold 1,696 shares from its account. In a trade valued at $3,034, the Chief Technology Officer traded Butterfly Network Inc shares for $1.79 each. Upon closing the transaction, the insider’s holdings decreased to 1,696 shares, worth approximately $5.19 million.
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 6.95%. Over the course of the year, Butterfly Network Inc shares have jumped approximately 227.78%. Shares of the company reached a 52-week high of $3.78 on 12/10/24 and a 52-week low of $0.67 on 04/25/24. A 50-day SMA is recorded $2.48, while a 200-day SMA reached $1.45. Nevertheless, trading volume fell to 4.03 million shares from 3.69 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 3.36, which, if violated, would cause prices to drop to 3.19. In the upper region, resistance lies at 3.66. The next price resistance is at 3.79. RSI (Relative Strength Index) is 68.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.25, which suggests the price will decrease in the coming days. Percent R is at 25.53%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
