BFLY is trading 4% down at $7.90 as investors take profits following a sharp multi-day rally driven by international expansion and AI-ultrasound catalysts.
- The stock is seeing a cooling of momentum after gaining over 10% in late June and seeing further strength surrounding the July 6 Brazil launch and Midjourney Medical licensing news.
- Today's pullback aligns with broader market weakness as major indices trade lower, suggesting a period of consolidation after the recent surge.