BlackBerry Ltd’s recent filing unveils that its CLO & Corp. Secretary Kurtz Philip S. unloaded Company’s shares for reported $37963.0 on Sep 28 ’24. In the deal valued at $2.53 per share,15,005 shares were sold. As a result of this transaction, Kurtz Philip S. now holds 30,129 shares worth roughly $0.12 million.
Then, ERIKSSON MATTIAS sold 52,549 shares, generating $128,745 in total proceeds. Upon selling the shares at $2.45, the President of IoT now owns 214,440 shares.
Before that, BRACE PHILIP G bought 35,000 shares. BlackBerry Ltd shares valued at $97,650 were divested by the Director at a price of $2.79 per share. As a result of the transaction, BRACE PHILIP G now holds 35,000 shares, worth roughly $0.13 million.
TD Securities upgraded its BlackBerry Ltd [BB] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including CIBC’s analysts, who increased its forecast for the stock in late June from “a Neutral” to “a Sector outperform”. RBC Capital Mkts also remained covering BB and reiterated its “Sector perform” recommendation on December 21, 2023. CIBC revised its rating on May 18, 2023. It rated BB as “a Neutral” which previously was an “a Sector underperform”.
Price Performance Review of BB
On Monday, BlackBerry Ltd [NYSE:BB] saw its stock fall -2.05% to $3.83. Over the last five days, the stock has gained 3.79%. BlackBerry Ltd shares have risen nearly 8.19% since the year began. Nevertheless, the stocks have risen 7.58% over the past one year. While a 52-week high of $4.06 was reached on 12/26/24, a 52-week low of $2.01 was recorded on 08/05/24. SMA at 50 days reached $2.69, while 200 days put it at $2.61.
Levels Of Support And Resistance For BB Stock
The 24-hour chart illustrates a support level at 3.76, which if violated will result in even more drops to 3.68. On the upside, there is a resistance level at 3.90. A further resistance level may holdings at 3.96. The Relative Strength Index (RSI) on the 14-day chart is 73.84, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.43%. Stochastics %K at 88.66% indicates the stock is a selling.
How much short interest is there in BlackBerry Ltd?
A steep rise in short interest was recorded in BlackBerry Ltd stocks on 2024-11-29, dropping by -0.71 million shares to a total of 26.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 26.98 million shares. There was a decline of -2.69%, which implies that there is a negative sentiment for the stock.
