Bridger Aerospace Group (NASDAQ:BAER) stock rallied as high as 182% Friday amid a Form 13D SEC filing by a group of investors.
Shares of aerial firefighting services provider opened at $10.02, jumping to a high of $12.45 before slipping to a low of $7.15 mid-morning. The stock recently changed hands at $8.89, up 100% from Thursday's close of $4.42, at approximately 1:30 p.m. ET.
Bridger went public on Jan. 25 following a merger with SPAC Jack Creek Investment Corp. The stock ended its first post-merger session 117% higher at $22.08.
Bridger did not appear to release any news on Friday, but a group of investors did file a Form 13D with the SEC stating they held a 22.4% stake in the company. The group included Jack Creek sponsor JCIC, KSH Capital, and senior management from both entities.
For more on Bridger, check out Vince Martin's "Bridger Aerospace Isn't Worth a Flyer."