The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. BigBear.ai Holdings Inc shares valued at $75,038 were sold by Ricker Sean Raymond on Mar 27 ’24. At $2.07 per share, Ricker Sean Raymond sold 36,250 shares. The insider’s holdings dropped to 99,428 shares worth approximately $0.18 million following the completion of this transaction.
Also, Ricker Sean Raymond sold 5,000 shares, netting a total of over 10,800 in proceeds. Following the sale of shares at $2.16 each, the insider now holds 156,830 shares.
Before that, BBAI Ultimate Holdings, LLC had sold 2,461,867 shares from its account. In a trade valued at $6,080,811, the Director traded BigBear.ai Holdings Inc shares for $2.47 each. Upon closing the transaction, the insider’s holdings decreased to 2,461,867 shares, worth approximately $252.7 million.
As published in their initiating research note from Cantor Fitzgerald on January 09, 2024, BigBear.ai Holdings Inc [BBAI] has been an Overweight and the price target has been revised to $3. Analysts at TD Cowen started covering the stock with ‘”a Market perform”‘ outlook in a report released in early October. As of August 29, 2023, H.C. Wainwright has initiated its “Buy” rating for BBAI. Earlier on August 10, 2022, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for BBAI stock which previously was a “an Outperform”.
Analyzing BBAI Stock Performance
During the last five days, there has been a drop of approximately -9.64%. Over the course of the year, BigBear.ai Holdings Inc shares have dropped approximately -16.82%. Shares of the company reached a 52-week high of $4.7950 on 03/04/24 and a 52-week low of $1.5700 on 02/05/24. A 50-day SMA is recorded $2.2772, while a 200-day SMA reached $1.8669. Nevertheless, trading volume fell to 4.67 million shares from 5.62 million shares the previous day.
Support And Resistance Levels for BigBear.ai Holdings Inc (BBAI)
According to the 24-hour chart, there is a support level at 1.7467, which, if violated, would cause prices to drop to 1.7133. In the upper region, resistance lies at 1.8267. The next price resistance is at 1.8733. RSI (Relative Strength Index) is 37.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1374, which suggests the price will decrease in the coming days. Percent R is at 95.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is BigBear.ai Holdings Inc subject to short interest?
Stocks of BigBear.ai Holdings Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 4.36 million shares to 14.16 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 9.8 million shares. A jump of 30.79% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.54 of the overall float, the days-to-cover ratio (short ratio) jumped to 0.54.
