Long Position on BFLY @ $13.70 on 6/17/2021 (Fundamentals)

Butterfly Network, Inc. (BFLY), a digital health company, develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally.

It offers Butterfly iQ, a handheld and single-probe whole body ultrasound system; and Butterfly iQ+, a point-of-care ultrasound imaging device that connects with a smart phone or tablet.

The company serves healthcare practitioners. Butterfly Network, Inc. was incorporated in 2011 and is headquartered in Guilford, Connecticut.

As an innovative digital health company that is working to democratize medical imaging and contribute to the aspiration of global health equity, announced last week its participation in the Cowen 6th Annual FutureHealth Conference, a virtual event taking place June 16-17, 2021. This participation should increase share prices as positive news is rumored ahead.

Entry Point: $13.70

Stop Loss: $12.85

Trading Range: $9.20 - $29.13

Target Price: $15.10

Updates

6/21/2021 11:22:52 AM

BFLY closed at $15.21

Position closed on 6/21/2021 at price of $15.23 with a 11.17% gain in 4 days.

Back to Portfolio