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 $502,787 were purchased by Cashman Steve on Dec 20 ’24. At $3.06 per share, Cashman Steve acquired 164,079 shares.
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Also, Getz Heather C purchased 30,136 shares, netting a total of over 92,346 in proceeds.
Before that, Stoica Andrei G had sold 11,277 shares from its account. In a trade valued at $37,970, the Chief Technology Officer traded Butterfly Network Inc shares for $3.37 each. Upon closing the transaction, the insider’s holdings decreased to 11,277 shares, worth approximately $4.52 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 drop of approximately -10.51%. Over the course of the year, Butterfly Network Inc shares have jumped approximately 191.67%. 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 $2.70, while a 200-day SMA reached $1.53. Nevertheless, trading volume fell to 1.01 million shares from 1.63 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 2.98, which, if violated, would cause prices to drop to 2.86. In the upper region, resistance lies at 3.20. The next price resistance is at 3.30. RSI (Relative Strength Index) is 51.12 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 65.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
