×
News Home

What is the Market's View on Butterfly Network Inc (BFLY) Stock's Price and Volume Trends Wednesday?

Wednesday, December 08, 2021 10:09 AM | InvestorsObserver Analysts
What is the Market's View on Butterfly Network Inc (BFLY) Stock's Price and Volume Trends Wednesday?

Butterfly Network Inc (BFLY) stock has gained 11.89% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Butterfly Network Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BFLY!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 $7.62 as of 10:08 AM on Wednesday, Dec 8, a rise of $0.15, or 2.01% from the previous closing price of $7.47. The stock has traded between $7.30 and $7.79 so far today. Volume today is less active than usual. So far 500,745 shares have traded compared to average volume of 3,508,303 shares. 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.

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App