Baird Medical Investment (NASDAQ:BDMD) Shares Up 6.5% – What’s Next?

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) rose 6.5% during trading on Friday . The company traded as high as $5.59 and last traded at $5.59. Approximately 3,799 shares traded hands during trading, a decline of 99% from the average daily volume of 523,337 shares. The stock had previously closed at $5.25.

Baird Medical Investment Trading Up 6.5 %

The company has a fifty day moving average of $5.27 and a 200 day moving average of $4.50.

Institutional Trading of Baird Medical Investment

A hedge fund recently bought a new stake in Baird Medical Investment stock. Highbridge Capital Management LLC purchased a new position in Baird Medical Investment Holdings Limited (NASDAQ:BDMD) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 112,500 shares of the company’s stock, valued at approximately $855,000. Highbridge Capital Management LLC owned approximately 1.71% of Baird Medical Investment at the end of the most recent quarter. Institutional investors and hedge funds own 19.78% of the company’s stock.

About Baird Medical Investment

Baird Medical Investment Holdings Ltd. is a medical technology company, which engages in the development and provision of medical devices. It is also involved in the design, development, manufacturing, and sale of microwave ablation medical devices, as well as sale of other medical devices. The company was founded on June 16, 2023 and is headquartered in Guangzhou, China.