(24/7 MARKET NEWS) – BigBear.ai (NYSE: BBAI) announced, this morning, that it has been awarded a multiple award $900 million Indefinite Delivery/Indefinite Quantity (IDIQ) contract by the U.S. Air Force, with the work on awarded task orders to be completed by 2032.
After opening at $3.63 and quickly hitting a high of $3.85, BigBear.ai dropped to $2.65 and is trading at $2.72, up $1.8739 (+221.48%), on 59 million shares traded.
Its 52-week range is $0.58 to $16.12. It looks like it may try to consolidate at this level. If it can hold these gains and consolidate at 2.75 or better, it may try to challenge today’s high. If can break through $3.85, on strong volume, it could ride another wave higher that could take it near its June or May trading levels.
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