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Cantor Fitzgerald analysts initates an Overweight rating for BigBear.ai Holdings Inc (BBAI)

In a filing, BigBear.ai Holdings Inc revealed its Director Braden Pamela Joyce acquired Company’s shares for reported $0.21 million on Jun 03 ’24. In the deal valued at $1.49 per share,140,939 shares were bought. As a result of this transaction, Braden Pamela Joyce now holds 446,396 shares worth roughly $0.58 million.

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Then, Ricker Sean Raymond sold 36,250 shares, generating $75,038 in total proceeds. Upon selling the shares at $2.07, the Chief Accounting Officer now owns 99,428 shares.

Before that, Ricker Sean Raymond sold 5,000 shares. BigBear.ai Holdings Inc shares valued at $10,800 were divested by the Chief Accounting Officer at a price of $2.16 per share. As a result of the transaction, Ricker Sean Raymond now holds 156,830 shares, worth roughly $0.2 million.

Cantor Fitzgerald initiated its BigBear.ai Holdings Inc [BBAI] rating to an Overweight in a research note published on January 09, 2024; the price target was $3. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early October with a ‘”a Market perform”‘ rating. H.C. Wainwright began covering BBAI with “Buy” recommendation on August 29, 2023. Oppenheimer revised its rating on August 10, 2022. It rated BBAI as “a Perform” which previously was an “an Outperform”.

Price Performance Review of BBAI

On Friday, BigBear.ai Holdings Inc [NYSE:BBAI] saw its stock jump 7.50% to $1.29. Over the last five days, the stock has lost -5.84%. BigBear.ai Holdings Inc shares have fallen nearly -39.72% since the year began. Nevertheless, the stocks have fallen -46.25% over the past one year. While a 52-week high of $4.80 was reached on 03/04/24, a 52-week low of $1.16 was recorded on 06/20/24. SMA at 50 days reached $1.5248, while 200 days put it at $1.7822. A total of 3.18 million shares were traded, compared to the trading of 5.05 million shares in the previous session.

Levels Of Support And Resistance For BBAI Stock

The 24-hour chart illustrates a support level at 1.2400, which if violated will result in even more drops to 1.1900. On the upside, there is a resistance level at 1.3200. A further resistance level may holdings at 1.3500. The Relative Strength Index (RSI) on the 14-day chart is 39.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1086, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.65%. Stochastics %K at 14.69% indicates the stock is a buying.

The most recent change occurred on March 28, 2022 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $10 price target.

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