Why BigBear.ai Stock Is Plummeting Today
After big gains in the previous two daily sessions, BigBear.ai (NYSE: BBAI) stock is pulling back in Thursday's trading. The stock had fallen 12.8% as of 2:15 p.m. ET. At the same point in the day's trading, the S 500 (SNPINDEX: ^GSPC) was down 1.1%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had declined 1.4%.
BigBear.ai surged higher following the company's third-quarter report on Monday, but it's getting hit with sell-offs today in response to valuation concerns surrounding artificial intelligence (AI) stocks. The company's share price is also being negatively impacted by news that some key macroeconomic data won't be arriving due to the government shutdown.
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Source Fool.com
