Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $0.12 million following the completion of this transaction.
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 $0.14 million.
As published in a research note from TD Securities on December 20, 2024, BlackBerry Ltd [BB] has been rated up from a Hold to a Buy and the price target has been revised to $4. Analysts at CIBC upgraded the stock from ‘”a Neutral”‘ to ‘”a Sector outperform”‘ outlook in a report released in late June. As of December 21, 2023, RBC Capital Mkts has reiterated its “Sector perform” rating for BB. Earlier on May 18, 2023, CIBC upgraded its rating. Their new recommendation was “a Neutral” for BB stock which previously was a “a Sector underperform”.
Analyzing BB Stock Performance
During the last five days, there has been a surge of approximately 31.23%. Over the course of the year, BlackBerry Ltd shares have jumped approximately 11.58%. Shares of the company reached a 52-week high of $4.06 on 12/26/24 and a 52-week low of $2.01 on 08/05/24. A 50-day SMA is recorded $2.64, while a 200-day SMA reached $2.60. Nevertheless, trading volume fell to 10.29 million shares from 22.89 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 3.89, which, if violated, would cause prices to drop to 3.82. In the upper region, resistance lies at 4.04. The next price resistance is at 4.12. RSI (Relative Strength Index) is 79.62 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.74, which suggests the price will decrease in the coming days. Percent R is at 7.19%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
