Uh Oh! BigBear.ai's Stock Dropped Below $3. Does That Mean a Reverse Split Is Imminent?
Down 67% from their highs, BigBear's shares could fall even farther.
Overview
When AI-enhanced security company BigBear.ai (NYSE: BBAI) reported earnings at the end of July, investors seemed pleased. Shares rose 18% over the next two weeks.
But unfortunately for BigBear.ai investors, it didn't last. Since then, the company's stock price has tumbled 11.8%. On Tuesday, they plunged below the $3/share milestone. Further declines could be coming.
Details
Is BigBear.ai's stock now in danger of having to perform a reverse split? Here's what investors should know.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.