BigBear.ai Holdings Inc (NYSE:BBAI) saw its stock price climb early Wednesday following the announcement of a strategic partnership with Easy Lease PJSC, a mobility solutions provider in the United Arab Emirates.
What To Know: The collaboration is aimed at accelerating the development and deployment of artificial intelligence solutions to drive digital transformation across the UAE and the wider region.
The partnership will leverage BigBear.ai’s expertise in mission-ready AI, Easy Lease’s operational scale and market reach, and Vigilix’s regional insights. The joint effort will focus on creating practical, scalable technologies for mobility, industrial and other high-growth sectors, supporting the UAE’s innovation agenda.
Kevin McAleenan, CEO of BigBear.ai, called the partnership a “milestone” and a “major first step” in the company’s international expansion plans.
In early trading Wednesday, shares of BBAI were up around 3.45%, trading around $3.90. According to data from Benzinga Pro, the stock has experienced significant volatility, with a 52-week range of $1.16 to $10.36.
Notably, there is substantial short interest in the stock, with 32.57% of the float currently sold short, indicating a significant number of investors are betting against the company’s share price.
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Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in BigBear.ai’s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, BBAI has a 52-week high of $10.36 and a 52-week low of $1.16.
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