Stock Market Today, Jan. 5: BigBear.ai Rises After $125 Million Convertible Debt Redemption

BigBear.ai (NYSE:BBAI), an AI decision-intelligence provider for defense and enterprises, closed Monday’s session at $5.88, up 0.68%. The stock has gained 2.62% in the past five days. 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. H ...