BFLY is trading 4.1% down at $7.27 as traders continue taking profits following a sharp late-June and early-July rally tied to Brazil expansion and AI-ultrasound catalysts.
- The stock's retreat follows a period of significant gains driven by licensing progress and international growth initiatives.
- Broader U.S. markets are in a risk-off mood, with major indices down approximately 1% amid heightened geopolitical tensions.
- Selling pressure is being amplified by a market-wide rotation out of high-beta and AI-linked names.