Butterfly Network Inc (BFLY) Stock: What Does the Chart Say Tuesday?

Overall market sentiment has been down on Butterfly Network Inc (BFLY) stock lately. BFLY receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Butterfly Network Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on BFLY!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With BFLY Stock Today?

Butterfly Network Inc (BFLY) stock is trading at $5.21 as of 12:04 PM on Tuesday, Oct 4, a rise of $0.66, or 14.65% from the previous closing price of $4.54. The stock has traded between $4.71 and $5.30 so far today. Volume today is 2,326,229 compared to average volume of 2,342,849. To see InvestorsObserver's Sentiment Score for Butterfly Network Inc click here.

More About Butterfly Network Inc

Butterfly Network Inc is an innovative digital health company. It is working towards democratizing medical imaging by making it accessible to everyone around the world and contribute to the aspiration of global health equity. The company has developed a groundbreaking single-probe, whole-body point-of-care ultrasound solution leveraging technology. Click Here to get the full Stock Report for Butterfly Network Inc stock.