Why BioCardia's Stock Is Trading Higher Today

BioCardia, Inc. BCDA shares are trading higher after Roumell Asset Management reported in a 13D filing a 5.6% stake in the company.

BioCardia's stock has been rising Wednesday, up 11.75% to a price of $3.41. The stock's volume is currently 5.08 million, which is roughly 9632.11% of its recent 30-day volume average of 52.71 thousand.

The moving average price of the stock over the past 50 days was $3.2 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.

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