BigBear.ai (BBAI) stock slips premarket after Cantor downgrade — what investors watch next
BigBear.ai Holdings dropped 3.6% to $6.18 in premarket trading Wednesday after Cantor Fitzgerald downgraded the stock to neutral and cut its price target. The move follows a 9% surge on heavy volume Tuesday. Investors are watching a Jan. 16 convertible-note redemption, with about 38 million shares expected to be issued. The company recently closed a $250 million acquisition of Ask Sage.