Why BigBear.ai Stock Is Skyrocketing Today
BigBear.ai (NYSE: BBAI) stock is surging again in Monday's trading. The software company's share price was up 13.6% as of 1 p.m. ET and had been up as much as 32.8% in the daily session. Meanwhile the S 500 (SNPINDEX: ^GSPC) was down -0.5%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was down 0.4%.
BigBear.ai stock opened today's trading with explosive gains powered by another round of strong, meme stock-driven momentum. The big gains for the stock lately could be creating a moderate short-squeeze dynamic. The company's share price is now up 120% over the last month.
Meme stock trades have come roaring back into fashion lately, and BigBear.ai has emerged as a hot pick for investors seeking volatile stocks with the potential to post explosive gains. Last week, The Economic Times published an article looking at whether BigBear could be on track to deliver returns comparable to artificial intelligence (AI) software leaders.
Source Fool.com
