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Why BioCardia's Stock is Up During Today's Session

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The Price And Volume Action In BioCardia's Stock Today

BioCardia (NASDAQ: BCDA) is currently up 5.72% to a price of $3.54. The stock’s volume is currently 437.35 thousand, which is roughly 5.55% of its recent 30-day volume average of 7.88 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 higher after the company announced that it was issued a US patent for its technology to enhance its cardiac therapeutic.

Perspective On Recent Price Action

The stock’s 50-day moving average was $2.7 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $8.6 and fallen to a low of $1.91.

If you’re looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving’ alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

 

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