Why BigBear.ai Stock Is Skyrocketing Today

BigBear.ai (NYSE: BBAI) stock is posting big gains in Thursday's trading. The software company's share price was up 10.5% as of 11:15 a.m. ET. Meanwhile, the S&P 500 index was up 0.1%, and the Nasdaq Composite index was essentially flat.After the market closed Wednesday, BigBear.ai announced that Kevin McAleenan had been appointed as its new CEO and given a seat on its board of directors. McAleenan had already been serving as the company's president, and succeeds Mandy Long in the CEO role.The CEO change was made effective Wednesday, and investors are optimistic that BigBear.ai's new leader will help it unlock some significant growth opportunities. During President-elect Donald Trump's first term, McAleenan served as acting secretary of the Department of Homeland Security and as commissioner of Customs and Border Protection. In 2020, he was a founder of Pangiam -- a biometric identity verification company that was acquired by BigBear.ai last year. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool