Butterfly Network Inc
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Company profile

Butterfly Network, Inc., formerly Longview Acquisition Corp., is a digital health company. The Company is principally engaged in offering medical imaging system, Butterfly iQ. The Butterfly iQ is a handheld, single probe, whole-body ultrasound system, which uses semiconductor technology. The Company's products are powered by its Ultrasound-on-Chip technology, which is an ultrasound transducer that can perform whole-body imaging. Its ultrasound system is comprised of both hardware and software solutions designed to make ultrasound imaging accessible to all healthcare practitioners, including nurses, midwives and ultimately patients directly. Butterfly iQ is commercially available in approximately 20 countries, including the United States, Canada, Australia, New Zealand and Europe. The Company also has an eCommerce Website through which it sells its Butterfly iQ+ to healthcare practitioners. Its Butterfly iQ+ connects to a smart phone or tablet to perform ultrasound scans.

Price
Delayed
$7.58
Day's Change
0.11 (1.47%)
Bid
--
Ask
--
B/A Size
--
Day's High
7.79
Day's Low
7.55
Volume
(Heavy Day)

Today's volume of 1,080,837 shares is on pace to be much greater than BFLY's 10-day average volume of 3,843,572 shares.

1,080,837

DEADLINE TODAY - Nationally Ranked Shareholder Rights Firm Labaton Sucharow is Investigating SelectQuote, Inc. (NYSE:SLQT) for Potential Securities Violations and Breach of Fiduciary Duty

10:31 am ET October 15, 2021 (Accesswire) Print

NEW YORK, NY / ACCESSWIRE / October 15, 2021 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights firm, is investigating potential securities violations and breach of fiduciary duty claims against SelectQuote, Inc. (NYSE:SLQT).

Image: https://www.accesswire.com/users/newswire/images/668345/image.png

On May 11, 2021, SelectQuote held a conference call in connection with its third quarter 2021 financial results during which it disclosed that its fourth quarter results would be impacted by a "negative cohort and tail adjustment" due to "lower second-term persistency for the 2019 cohort."

On this news, the Company's share price fell $5.50, or 20%, to close at $21.90 per share on May 12, 2021, on unusually heavy trading volume.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants made material misrepresentations concerning the following: (1) that SelectQuote's 2019 cohort was underperforming; (2) that, as a result, the Company's financial results would be adversely impacted; and (3) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Investors who purchased or otherwise acquired SelectQuote, Inc. ('SelectQuote' or 'the Company') (NYSE:SLQT) securities between February 8, 2021 and May 11, 2021, inclusive (the 'Class Period') are hereby notified that they have until October 15, 2021 to move the Court to serve as lead plaintiff in this action.

If you currently own stock or options in SelectQuote, Inc. and suffered a loss, click here to participate.

If you want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at david@labaton.com.

About the Firm

Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at Labaton.com.

CONTACT:

David J. Schwartz

(800) 321-0476

david@labaton.com

SOURCE: Labaton Sucharow LLP

View source version on accesswire.com:

https://www.accesswire.com/668345/DEADLINE-TODAY--Nationally-Ranked-Shareholder-Rights-Firm-Labaton-Sucharow-is-Investigating-SelectQuote-Inc-NYSESLQT-for-Potential-Securities-Violations-and-Breach-of-Fiduciary-Duty

comtex tracking

COMTEX_395267460/2457/2021-10-15T10:31:35

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