Butterfly Network is trading 4.4% up at $8.90, with broad market strength the clearest available explanation; a direct link to the stock’s move is unconfirmed.
- Softer-than-expected September jobs data eased rate-hike concerns as major indexes rose and Treasury yields fell.
- On October 1, the company announced Mendaera’s Focalist system is commercially available with Butterfly ultrasound technology, its first Embedded partner technology to reach market. The announcement did not report a share-price reaction or establish that it drove the October 2 gain.