Why Butterfly Network Stock Rose More Than 14% on Tuesday

Shares of Butterfly Network (NYSE: BFLY) climbed more than 14.8% on Tuesday. The digital health company closed at $7.52 a share on Monday, opened at $7.70 on Tuesday, and hit a high of $8.95 a share after lunch. The stock is still a lot closer to its 52-week low of $6.75 than its high of $29.13. Even with the upswing, the stock is down more than 56% for the year.

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The company, which produces a whole-body portable ultrasound scanner and the software to interpret its results, bounced back from a 20% drop on Monday, when it reported third-quarter earnings.

Source Fool.com