2023-04-14 13:37:17 ET
- Big Bear.ai Holdings ( NYSE: BBAI ) shares surged more than 16% Friday on higher-than usual volume for the artificial intelligence technology company.
- Big Bear's ( BBAI ) gains came one day after it filed to offer 113.25M shares of stock from its current shareholders. By Friday afternoon, more than 22M shares of Big Bear ( BBAI ) stock had traded hands, or more than twice the 10.4M shares that are exchanged on a daily average basis.
- The company said it won't receive any gains from the stock sale.
- Wall Street analysts and Seeking Alpha authors both have consensus buy ratings on Big Bear's ( BBAI ) stock, while Seeking Alpha's Quant System, which historically outperforms the stock market, gives Big Bear ( BBAI ) shares a rating of hold .
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Big Bear.ai stock surges 16% a day after stock-sale filing