Why BigBear.ai Stock Is Sinking Today
BigBear.ai (NYSE: BBAI) stock is falling in Tuesday's trading. The company's share price was down 8.7% as of 11:15 a.m. ET and had been off as much as 13.4% earlier in the daily session.
On the heels of an explosive run, BigBear.ai stock is losing ground today following recent filings with the Securities and Exchange Commission (SEC) showing that a company insider and large institutional investor both planned to sell shares. Even with today's pullback, the software specialist's share price is up 90% over the last month.
In a filing submitted to the SEC yesterday, BigBear.ai reported that board member Mandy Long planned to sell a significant amount of company stock. Per the filing, Long intended to sell 200,000 shares -- and yesterday was listed as her approximate date of sale.
Source Fool.com
