BlackBerry Ltd’s recent filing unveils that its Director BRACE PHILIP G acquired Company’s shares for reported $97650.0 on Feb 14 ’24. In the deal valued at $2.79 per share,35,000 shares were bought. As a result of this transaction, BRACE PHILIP G now holds 35,000 shares worth roughly $92400.0.
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Then, Rai Steve sold 20,047 shares, generating $65,153 in total proceeds. Upon selling the shares at $3.25, the Chief Financial Officer now owns 84,599 shares.
Before that, GIAMATTEO JOHN JOSEPH sold 18,279 shares. BlackBerry Ltd shares valued at $59,041 were divested by the CEO & President, Cybersecurity at a price of $3.23 per share. As a result of the transaction, GIAMATTEO JOHN JOSEPH now holds 206,090 shares, worth roughly $0.54 million.
RBC Capital Mkts reiterated its BlackBerry Ltd [BB] rating to a Sector perform in a research note published on December 21, 2023; the price target was $4. A number of analysts have revised their coverage, including CIBC’s analysts, who increased its forecast for the stock in mid May from “a Sector underperform” to “a Neutral”. TD Securities also remained covering BB and has increased its forecast on March 31, 2023 with a “Hold” recommendation from previously “Reduce” rating. Robert W. Baird started covering the stock on August 12, 2022. It rated BB as “a Neutral”.
Price Performance Review of BB
On Monday, BlackBerry Ltd [NYSE:BB] saw its stock fall -1.12% to $2.64. Over the last five days, the stock has lost -0.38%. BlackBerry Ltd shares have fallen nearly -25.42% since the year began. Nevertheless, the stocks have fallen -31.07% over the past one year. While a 52-week high of $5.75 was reached on 01/23/24, a 52-week low of $2.46 was recorded on 03/19/24. SMA at 50 days reached $2.87, while 200 days put it at $3.99. A total of 4.83 million shares were traded, compared to the trading of 12.28 million shares in the previous session.
Levels Of Support And Resistance For BB Stock
The 24-hour chart illustrates a support level at 2.61, which if violated will result in even more drops to 2.58. On the upside, there is a resistance level at 2.70. A further resistance level may holdings at 2.76. The Relative Strength Index (RSI) on the 14-day chart is 44.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.00%. Stochastics %K at 32.87% indicates the stock is a holding.
How much short interest is there in BlackBerry Ltd?
A steep rise in short interest was recorded in BlackBerry Ltd stocks on Feb 29, 2024, growing by 1.6 million shares to a total of 46.38 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 44.78 million shares. There was a rise of 3.45%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.77% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.72.
