BigBear.ai Holdings (BBAI) stock plummeted 5.36% in the intraday trading on Wednesday. The steep decline came after a director of the company, BBAI Ultimate Holdings, LLC, sold a significant number of shares over the past two days.
According to regulatory filings, the director sold 1,039,199 shares on December 2nd at $2.22 per share, followed by an additional 5,245,770 shares on December 3rd at $2.61 per share. Insider selling, especially in large volumes, often raises concerns among investors and can put downward pressure on the stock price.
BigBear.ai Holdings is a provider of artificial intelligence, machine learning, and cloud-based products and services. The company has been focused on expanding its offerings and customer base in various sectors, including defense, intelligence, and commercial markets.
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