Butterfly Network Inc’s filing revealed that its Officer Stoica Andrei G acquired Company’s shares for reported $5536.0 on Dec 31 ’24. In the deal valued at $3.30 per share,1,680 shares were bought.
Then, Stoica Andrei G sold 3,340 shares, generating $10,010 in total proceeds. Upon selling the shares at $3.00, the Chief Technology Officer now owns 1,450,917 shares.
Before that, Getz Heather C sold 30,136 shares. Butterfly Network Inc shares valued at $92,337 were divested by the EVP, CFO & COO at a price of $3.06 per share. As a result of the transaction, Getz Heather C now holds 2,669,333 shares, worth roughly $8.94 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 -6.69% to $3.35. Over the last five days, the stock has lost -17.49%. Butterfly Network Inc shares have risen nearly 7.37% since the year began. Nevertheless, the stocks have risen 193.86% over the past one year. While a 52-week high of $4.45 was reached on 01/03/25, a 52-week low of $0.67 was recorded on 01/02/25. SMA at 50 days reached $3.13, while 200 days put it at $1.67.
Levels Of Support And Resistance For BFLY Stock
The 24-hour chart illustrates a support level at 3.23, which if violated will result in even more drops to 3.12. On the upside, there is a resistance level at 3.49. A further resistance level may holdings at 3.64. The Relative Strength Index (RSI) on the 14-day chart is 48.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.67%. Stochastics %K at 52.80% 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 2024-12-31, growing by 1.9 million shares to a total of 17.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 15.23 million shares. There was a rise of 11.09%, 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.
