BlackBerry Ltd’s filing revealed that its President of IoT ERIKSSON MATTIAS unloaded Company’s shares for reported $53268.0 on Jan 02 ’25. In the deal valued at $3.68 per share,14,475 shares were sold. As a result of this transaction, ERIKSSON MATTIAS now holds 238,838 shares worth roughly $0.98 million.
Then, Foote Tim sold 1,558 shares, generating $5,733 in total proceeds. Upon selling the shares at $3.68, the Chief Financial Officer now owns 8,103 shares.
Before that, GIAMATTEO JOHN JOSEPH sold 155,815 shares. BlackBerry Ltd shares valued at $573,399 were divested by the CEO & President, Cybersecurity at a price of $3.68 per share. As a result of the transaction, GIAMATTEO JOHN JOSEPH now holds 385,552 shares, worth roughly $1.58 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 jump 11.14% to $4.09. Over the last five days, the stock has gained 4.60%. BlackBerry Ltd shares have risen nearly 8.20% since the year began. Nevertheless, the stocks have risen 25.85% over the past one year. While a 52-week high of $4.10 was reached on 01/06/25, a 52-week low of $2.01 was recorded on 01/03/25. SMA at 50 days reached $2.79, while 200 days put it at $2.63.
Levels Of Support And Resistance For BB Stock
The 24-hour chart illustrates a support level at 3.90, which if violated will result in even more drops to 3.70. On the upside, there is a resistance level at 4.20. A further resistance level may holdings at 4.31. The Relative Strength Index (RSI) on the 14-day chart is 73.33, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.83%. Stochastics %K at 83.19% 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.
