Why BigBear.ai Stock Is Skyrocketing Again Today
BigBear.ai (NYSE: BBAI) stock is seeing another day of huge gains in Friday's trading. The company's share price was up 20% as of 12:15 p.m. ET and had been up as much as 26.9% earlier in the daily session.
While there does not appear to be any direct, business-specific news that's pushing BigBear.ai stock higher today, the company's share price may is climbing in conjunction with the news that Palantir Technologies (NASDAQ: PLTR) has formed a new partnership with Booz Allen Hamilton to accelerate U.S. defense technologies. BigBear has a partnership with Palantir, and a narrative connection has recently emerged between the two stocks that has helped push the latter company's valuation higher.
Palantir and Booz Allen Hamilton published a joint press release today announcing that they were teaming up to promote U.S. defense mission innovation. Palantir stock is up 6% as of this writing on the news.
Source Fool.com