BlackBerry (BB) Stock Surges Amid Market Volatility

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Dec 17, 2024
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BlackBerry (BB, Financial) experienced a significant stock price surge of 5.01%, reaching $3.24 per share with a trading volume of 11.82 million shares and a turnover rate of 2.00%. The stock's amplitude was 8.09%. Recent financial reports show revenue at $145 million, a net loss of $19 million, and earnings per share at -$0.03, with a gross profit of $83 million and a P/E ratio of -14.07.

Among nine institutions rating the stock, 33% recommend buying, while 67% suggest holding. The software services sector, where BlackBerry operates, saw an overall decline of 0.15%. BlackBerry, once a leading smartphone manufacturer, now focuses on secure communication software for enterprises, particularly regulated industries and markets like automotive and healthcare.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.