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BCDA (BioCardia Inc.) may reap gains as insiders became active recently

BioCardia Inc.’s filing revealed that its President and CEO Altman Peter acquired Company’s shares for reported $1013.0 on Apr 19 ’24. In the deal valued at $0.37 per share,2,750 shares were bought. As a result of this transaction, Altman Peter now holds 558,697 shares worth roughly $0.22 million.

Then, Altman Peter bought 500 shares, generating $195 in total proceeds. Upon buying the shares at $0.39, the President and CEO now owns 555,947 shares.

Before that, Altman Peter bought 108,108 shares. BioCardia Inc. shares valued at $50,000 were divested by the President and CEO at a price of $0.46 per share. As a result of the transaction, Altman Peter now holds 555,447 shares, worth roughly $0.22 million.

Dawson James downgraded its BioCardia Inc. [BCDA] rating to a Neutral from a a Buy in a research note published recently.

Price Performance Review of BCDA

On Tuesday, BioCardia Inc. [NASDAQ:BCDA] saw its stock jump 4.62% to $0.39. Over the last five days, the stock has gained 2.95%. BioCardia Inc. shares have fallen nearly -41.72% since the year began. Nevertheless, the stocks have fallen -81.21% over the past one year. While a 52-week high of $2.92 was reached on 01/03/24, a 52-week low of $0.32 was recorded on 04/22/24. SMA at 50 days reached $0.4102, while 200 days put it at $0.5910. A total of 0.31 million shares were traded, compared to the trading of 82500.0 shares in the previous session.

Levels Of Support And Resistance For BCDA Stock

The 24-hour chart illustrates a support level at 0.3714, which if violated will result in even more drops to 0.3557. On the upside, there is a resistance level at 0.4014. A further resistance level may holdings at 0.4157. The Relative Strength Index (RSI) on the 14-day chart is 49.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0035, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.12%. Stochastics %K at 67.57% indicates the stock is a holding.

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