BioCardia’s stock pulls back after taking advantage of recent doubling with another share sale

Shares of BioCardia Inc. sank 13.9% in morning trading Wednesday, after the developer of regenerative biologic therapies announced more stock sales in the wake of the 137.6% rocket ride over the past two days. The company said before Wednesday’s open that it sold 2.04 million shares of its stock at $5.15 a share in a registered direct offering to raise $10.5 million, On Monday, the company said it sold 1.79 million shares at $4.75 a share in a registered direct offering to raise $8.5 million. The stock’s surge the past two days followed the company’s announcement before Monday’s open that it anticipated data safety monitoring…