Butterfly Network Inc’s filing revealed that its Officer Cashman Steve acquired Company’s shares for reported $0.5 million on Dec 20 ’24. In the deal valued at $3.06 per share,164,079 shares were bought.
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Then, Getz Heather C bought 30,136 shares, generating $92,346 in total proceeds.
Before that, Stoica Andrei G sold 11,277 shares. Butterfly Network Inc shares valued at $37,970 were divested by the Chief Technology Officer at a price of $3.37 per share. As a result of the transaction, Stoica Andrei G now holds 1,454,257 shares, worth roughly $4.39 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 Monday, Butterfly Network Inc [NYSE:BFLY] saw its stock fall -2.27% to $3.02. Over the last five days, the stock has lost -16.11%. Butterfly Network Inc shares have risen nearly 179.63% since the year began. Nevertheless, the stocks have risen 193.20% over the past one year. While a 52-week high of $3.78 was reached on 12/10/24, a 52-week low of $0.67 was recorded on 04/25/24. SMA at 50 days reached $2.68, while 200 days put it at $1.52.
Levels Of Support And Resistance For BFLY Stock
The 24-hour chart illustrates a support level at 2.95, which if violated will result in even more drops to 2.89. On the upside, there is a resistance level at 3.10. A further resistance level may holdings at 3.19. The Relative Strength Index (RSI) on the 14-day chart is 47.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.79%. Stochastics %K at 21.50% 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 2024-11-29, growing by 1.99 million shares to a total of 15.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 13.23 million shares. There was a rise of 13.07%, 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.
