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Why Is It Moving? Looking Into Why BioCardia's Stock is Trading Lower Today

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The Price And Volume Action In BioCardia's Stock Today

BioCardia’s (NASDAQ: BCDA) stock has been falling Thursday, down 21.73% to a price of $4.78. The stock’s volume is currently 3.22 million, which is roughly 47.84% of its recent 30-day volume average of 6.74 million.

Why It’s Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: BioCardia shares are trading lower after the company announced a 2.04 million share offering priced at $5.15 per share.

Insights On Recent Price Action

The moving average price of the stock over the past 50 days was $2.48 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $8.6 and as low as $1.91.

Benzinga Pro provides investors with timely and accurate explanations of why a stock is moving. Subscribe to receive real-time alerts explaining stock price movements. Click here to learn more.

 

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