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0 -0.00169779286926991 -0.00169779286926991 -0.00339558573853998 -0.00337860780984717 0.00169779286926991 0.00169779286926991 0.00169779286926991
Stock impact report

Stock Market Today, Jan. 5: BigBear.ai Rises After $125 Million Convertible Debt Redemption [Yahoo! Finance]

BigBear.ai, Inc. (BBAI) 
Company Research Source: Yahoo! Finance
Monday's action followed fresh focus on BigBear.ai's plan to redeem its 6% convertible notes in mid-January and eliminate around $125 million of debt. Trading volume reached 73.4 million shares, about 38% below its three-month average of 118.6 million shares. BigBear.ai IPO'd in 2021 and has fallen 40% since going public. The S&P 500 (SNPINDEX:^GSPC) added 0.65% to finish at 6,903, while the Nasdaq Composite (NASDAQINDEX:^IXIC) climbed 0.69% to close at 23,396. Within information technology services, industry peers Palantir Technologies (NASDAQ:PLTR) and C3.ai (NYSE:AI) both posted gains. BigBear.ai announced on Friday that it would redeem all 6% convertible notes due 2029. The move will cut the artificial intelligence national security firm's note-related debt from roughly $142 million to $17 million. It says lowering its liabilities and interest expense will strengthen its balance sheet. Recent gains could be the start of a comeback for BigBear.ai, which is down around 24% i Show less Read more
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