Why BigBear.ai Stock Skyrocketed 63.2% Last Month, and Has Kept Surging in July
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BigBear.ai (NYSE: BBAI) enjoyed a huge rally across June's trading as investors became increasingly bullish on growth-dependent tech plays. The company's share price rose 63.2% in the month amid a gain of 5% for the S&P 500 (SNPINDEX: ^GSPC) and a gain of 6.6% for the Nasdaq Composite (NASDAQINDEX: ^IXIC), according to data from S&P Global Market Intelligence.BigBear.ai stock surged in June as macroeconomic indicators aligned to support a bullish rally for the market and investors poured into defense-focused artificial intelligence (AI) stocks. The company's share price also got a big boost from positive analyst coverage.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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