Why BigBear.ai Stock Is Plummeting Today
BigBear.ai (NYSE: BBAI) stock is seeing a big pullback Thursday. The software company's share price was down 9.4% as of 1:45 p.m. ET amid a 0.8% decline for both the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC). The stock had been down as much as 14.5% earlier in trading.BigBear.ai's valuation is tumbling today in conjunction with a sell-off in the broader market triggered by concerning guidance from Walmart. Sell-offs for Palantir Technologies may also be factoring into BigBear.ai's pullback.While the stock is sliding today, the tech specialist did actually have some good news for investors.Continue reading
BigBear.ai (NYSE: BBAI) stock is seeing a big pullback Thursday. The software company's share price was down 9.4% as of 1:45 p.m. ET amid a 0.8% decline for both the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC). The stock had been down as much as 14.5% earlier in trading.
BigBear.ai's valuation is tumbling today in conjunction with a sell-off in the broader market triggered by concerning guidance from Walmart. Sell-offs for Palantir Technologies may also be factoring into BigBear.ai's pullback.
While the stock is sliding today, the tech specialist did actually have some good news for investors.
