Why Butterfly Network Was Down 15.5% in September

Shares of healthcare equipment company Butterfly Network (NYSE: BFLY) were down 15.5% in September, according to data from S&P Global Market Intelligence. There was no major news or earnings announcements from the company, so it looks like this stock has gotten caught up in recent market volatility.

Butterfly Network is a healthcare company trying to democratize medical imaging. With its Butterfly iQ+ system, patients are able to give ultrasound exams to themselves at home, which clinicians and doctors can interpret remotely. The company believes this is a breakthrough within healthcare imaging, helping patients get faster and better outcomes while making it easier for doctors to manage their work.

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