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Why BigBear.ai Stock Is Skyrocketing Today

TheMotleyFool

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Why BigBear.ai Stock Is Skyrocketing Today: https://g.foolcdn.com/editorial/images/825653/gettyimages-1352607170.jpg

BigBear.ai (NYSE: BBAI) stock is roaring higher again in Thursday's trading. The company's share price was up 13.6% as of 2 p.m. ET amid a 0.5% jump for the S 500 (SNPINDEX: ^GSPC) and a 0.7% jump for the Nasdaq Composite (NASDAQINDEX: ^IXIC). The stock had been up as much as 17.4% earlier in the session.

While there doesn't appear to be any fresh business-specific news for BigBear.ai today, its valuation is getting a big boost in conjunction with bullish momentum for the broader market. Palantir stock hitting a new record high today may also be giving the smaller defense tech player's share price a lift as well.

BigBear.ai stock is now up 224.5% over the last three months.

Source Fool.com

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