The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. BlackBerry Ltd shares valued at $37,963 were sold by Kurtz Philip S. on Sep 28 ’24. At $2.53 per share, Kurtz Philip S. sold 15,005 shares. The insider’s holdings dropped to 30,129 shares worth approximately $70501.86 following the completion of this transaction.
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Also, ERIKSSON MATTIAS sold 52,549 shares, netting a total of over 128,745 in proceeds. Following the sale of shares at $2.45 each, the insider now holds 214,440 shares.
Before that, BRACE PHILIP G had added 35,000 shares to its account. In a trade valued at $97,650, the Director bought BlackBerry Ltd shares for $2.79 each. Upon closing the transaction, the insider’s holdings increased to 35,000 shares, worth approximately $81900.0.
As published in a research note from CIBC on June 27, 2024, BlackBerry Ltd [BB] has been rated up from a Neutral to a Sector outperform. Analysts at RBC Capital Mkts resumed the stock at ‘”a Sector perform”‘ outlook in a report released in late December. As of May 18, 2023, CIBC has increased its “Sector underperform” rating to a “Neutral” for BB. Earlier on March 31, 2023, TD Securities upgraded its rating. Their new recommendation was “a Hold” for BB stock which previously was a “a Reduce”.
Analyzing BB Stock Performance
During the last five days, there has been a drop of approximately -5.26%. Over the course of the year, BlackBerry Ltd shares have dropped approximately -33.90%. Shares of the company reached a 52-week high of $3.85 on 05/14/24 and a 52-week low of $2.01 on 08/05/24. A 50-day SMA is recorded $2.42, while a 200-day SMA reached $2.63. Nevertheless, trading volume fell to 6.45 million shares from 6.2 million shares the previous day.
Support And Resistance Levels for BlackBerry Ltd (BB)
According to the 24-hour chart, there is a support level at 2.31, which, if violated, would cause prices to drop to 2.27. In the upper region, resistance lies at 2.40. The next price resistance is at 2.45. RSI (Relative Strength Index) is 40.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 97.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
