CING - Why Is Bridger Aerospace (BAER) Stock Up 84% Today?
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Bridger Aerospace (NASDAQ:BAER) stock is taking off on Friday after a filing revealed stakes in the company.
According to the U.S. Securities and Exchange Commission (SEC) filing, JCIC Sponsor LLC now holds a 22.4% stake in BAER stock. This is in collaboration with KSH Capital LP, Jeffrey E. Kelter, Robert F. Savage, Jr., and Thomas Jermoluk.
Each of the people named above holds connections to JCIC Sponsor LLC or KSH Capital LP. The SEC filing is required as the group has obtained a larger than 2% stake in Bridger Aerospace.
What’s Happening With BAER Stock
News of the investment in Bridger Aerospace today has investors taking extra interest in the company’s stock. As a result, we’re seeing an increase in trading volume today. This has more than 2.6 million shares of the stock changing hands as of this writing. To put that in perspective, the company’s daily average trading volume is about 169,000 shares.
Investors will note that JCIC Sponsor LLC is a Cayman Islands limited liability corporation with a focus on owning the equity securities of Bridger Aerospace. . KSH Capital LP is a Delaware limited partnership that acts as the manager of JCIC Sponsor LLC.
BAER stock is up 84.2% as of Friday morning.
Investors looking for more of the latest stock market news are in luck!
InvestorPlace is home to all of the hottest stock market news traders need to know about on Friday! Among that is why shares of Cingulate (NASDAQ:CING) stock are up, the biggest pre-market stock movers this morning, and more. You can find all that news at the following links!
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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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