BigBear AI (BBAI) Snaps Losses with 8% Gain as Investors Positive Ahead of Earnings

We recently published 10 Stocks with Eye-Popping Gains; 5 Jump to New Highs. BigBear.ai Holdings Inc. (NYSE:BBAI) is one of the best-performing stocks on Friday.

BigBear snapped a three-day losing streak on Friday, adding 8.02 percent to close at $7.14 apiece as investors repositioned portfolios ahead of the release of its earnings performance.

According to information on its website, BigBear.ai Holdings, Inc. (NYSE:BBAI) will announce its financial and operating results after the market close on Monday, August 11. An investor call will be held later that evening.

In recent news, BigBear.ai Holdings, Inc. (NYSE:BBAI) struck a partnership with defense company Defcon AI to collaborate on advanced, next-generation technologies to support military readiness.

In particular, the two companies will co-develop on-demand advanced modeling, simulation, and data integration solutions to support contested logistics, joint force sustainment, and readiness assessments across the global defense enterprise.

“Together, we will help deliver scalable, integrable solutions to the defense community’s most pressing logistics and readiness challenges from tactical operations at the Southwest border to strategic campaigns in the Indo-Pacific,” said BigBear.ai Holdings, Inc. (NYSE:BBAI) CEO Kevin McAleenan.

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