BlackBerry Ltd’s filing revealed that its President of IoT ERIKSSON MATTIAS unloaded Company’s shares for reported $0.13 million on Jun 28 ’24. In the deal valued at $2.45 per share,52,549 shares were sold. As a result of this transaction, ERIKSSON MATTIAS now holds 214,440 shares worth roughly $0.53 million.
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Then, BRACE PHILIP G bought 35,000 shares, generating $97,650 in total proceeds. Upon buying the shares at $2.79, the Director now owns 35,000 shares.
Before that, Rai Steve sold 20,047 shares. BlackBerry Ltd shares valued at $65,153 were divested by the Chief Financial Officer at a price of $3.25 per share. As a result of the transaction, Rai Steve now holds 84,599 shares, worth roughly $0.21 million.
CIBC upgraded its BlackBerry Ltd [BB] rating to a Sector outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who remained covering the stock and in late December has reiterated a ‘”a Sector perform”‘ rating for it. CIBC also remained covering BB and has increased its forecast on May 18, 2023 with a “Neutral” recommendation from previously “Sector underperform” rating. TD Securities revised its rating on March 31, 2023. It rated BB as “a Hold” which previously was an “a Reduce”.
Price Performance Review of BB
On Tuesday, BlackBerry Ltd [NYSE:BB] saw its stock jump 1.24% to $2.45. Over the last five days, the stock has gained 9.38%. BlackBerry Ltd shares have fallen nearly -30.79% since the year began. Nevertheless, the stocks have fallen -55.70% over the past one year. While a 52-week high of $5.75 was reached on 05/14/24, a 52-week low of $2.20 was recorded on 06/26/24. SMA at 50 days reached $2.75, while 200 days put it at $3.25. A total of 4.98 million shares were traded, compared to the trading of 5.42 million shares in the previous session.
Levels Of Support And Resistance For BB Stock
The 24-hour chart illustrates a support level at 2.39, which if violated will result in even more drops to 2.34. On the upside, there is a resistance level at 2.49. A further resistance level may holdings at 2.54. The Relative Strength Index (RSI) on the 14-day chart is 44.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.69%. Stochastics%K at 37.31% indicates the stock is a holding.
The most recent change occurred on August 12, 2022 when Robert W. Baird began covering the stock and recommended ‘”a Neutral”‘ rating along with a $7 price target.
