BlackBerry Limited (BBRY) has been under a strong bear grip, hence the stock is down -3.38% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.83% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.46% in the last 1 week, and is up 3.15% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
BlackBerry Limited (NASDAQ:BBRY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.83 and $6.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.88, notching a gain of 0.58% for the day. The total traded volume was 2,355,331 . The stock had closed at $6.84 on the previous day.
The stock has recorded a 20-day Moving Average of 3.26% and the 50-Day Moving Average is 0.27%. BlackBerry Limited has dropped 5.23% during the last 3-month period . Year-to-Date the stock performance stands at -25.86%.
BlackBerry Limited (BlackBerry) is a provider of mobile communications and services. The Company is engaged primarily in the provision of the BlackBerry wireless solution, consisting of smartphones, service and software. The Companys four areas of business are Devices business, Enterprise Services, BlackBerry Technology Solutions (BTS) business and Messaging. The Companys Devices business is focused on delivering smartphone products. BlackBerrys Enterprise Services business offers enterprise products and services. The Companys BTS business consists of five units: QNX Software Systems Limited (QNX), Certicom, Paratek, the BlackBerry Internet of Things (IoT) Platform, and Intellectual Property and Patent Licensing (IPPL). The Companys Messaging business is engaged in providing BlackBerry Messenger (BBM), the Companys instant mobile to mobile private messaging service. The Company offers a portfolio of smartphone products to both the enterprise and consumer markets.