Large Outflow of Money Witnessed in BlackBerry Limited

BlackBerry Limited (BBRY) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (0.74 million) in BlackBerry Limited (BBRY). On Wednesday, The value of composite uptick trades was $21.01 million, whereas, the value of composite downtick trades was $21.75 million and the ratio between the two was 0.97, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $4.3 million. $4.75 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 1.1. The negative money flow of ($0.45 million) shows selling on strength. BlackBerry Limited (BBRY) gained $0.28 intraday at $8.16 and registrered 3.5% for the week.


Shares of BlackBerry Limited rose by 7.21% in the last five trading days and 5.18% for the last 4 weeks. BlackBerry Limited is up 25.45% in the last 3-month period. Year-to-Date the stock performance stands at -10.24%.

BlackBerry Limited (BBRY) has an average broker rating of 2.93, which is interpreted as a Hold, as rated by 15 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 10 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

BlackBerry Limited (NASDAQ:BBRY): The stock opened at $8.16 and touched an intraday high of $8.46 on Wednesday. During the day, the stock corrected to an intraday low of $8.06, however, the bulls stepped in and pushed the price higher to close in the green at $8.33 with a gain of 5.71% for the day. The total traded volume for the day was 23,406,851. The stock had closed at $7.88 in the previous trading session.

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.

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