BigBear.ai (NYSE:BBAI) Sees Large Volume Increase Following Analyst Upgrade

Market Beat
2024.12.30 15:36
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BigBear.ai (NYSE:BBAI) experienced a significant increase in trading volume after HC Wainwright raised its price target from $3.00 to $7.00, maintaining a buy rating. Approximately 15 million shares traded, a 38% increase from the previous session. The stock last traded at $4.19. Additionally, insiders sold shares, with the CEO selling 200,000 shares at $4.25. Institutional investors have also increased their stakes in the company, which has a market cap of $1.05 billion and reported a quarterly revenue of $41.51 million, beating estimates.