What's Going with BioCardia Stock Friday?
Portfolio Pulse from Dylan Berman
BioCardia, Inc. (NASDAQ:BCDA) shares are experiencing increased volatility, initially spiking higher but then trading lower by 19.6% after the company announced it received a patent approval for its 'Radial and Transendocardial Delivery Catheter.' This patent enhances the protection and value of BioCardia's therapeutic programs and delivery systems.
June 07, 2024 | 2:35 pm
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BioCardia's stock is down 19.6% despite receiving a new patent for its 'Radial and Transendocardial Delivery Catheter.' The patent adds value to its therapeutic programs and delivery systems, but the stock is experiencing high volatility.
Despite the positive news of a new patent approval, BioCardia's stock is down 19.6%. The volatility suggests that investors may have had higher expectations or there may be other underlying concerns affecting the stock price.
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