Why BigBear.ai Stock Is Plummeting Today

BigBear.ai (NYSE: BBAI) stock is seeing another day of big sell-offs in Thursday's trading. The company's share price was down 14.9% as of 2:45 p.m. ET. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) was down 0.4%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was down 0.5%.BigBear.ai is sinking today following disclosures with the Securities and Exchange Commission (SEC) showing new rounds of selling from company insiders and institutional shareholders. The stock has seen big pullbacks this week in conjunction with insider selling, but its share price is still up roughly 31% over the last month. Filings with the SEC yesterday showed new rounds of insider selling and planned stock sale disclosures. BigBear.ai's chief accounting officer Sean Ricker sold 17,629 shares of company stock yesterday. Meanwhile, BBAI Ultimate Holdings submitted a filing indicating that it planned to sell 3,248,938 shares of stock yesterday. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool