BlackBerry Ltd’s filing revealed that its SVP & Chief Accounting Officer Chai Jay P. unloaded Company’s shares for reported $0.1 million on Jan 24 ’25. In the deal valued at $4.19 per share,24,425 shares were sold. As a result of this transaction, Chai Jay P. now holds 0 shares worth roughly $0.0.
Then, ERIKSSON MATTIAS sold 12,680 shares, generating $50,720 in total proceeds. Upon selling the shares at $4.00, the President of IoT now owns 278,306 shares.
Before that, GIAMATTEO JOHN JOSEPH sold 29,402 shares. BlackBerry Ltd shares valued at $117,608 were divested by the CEO & President, Cybersecurity at a price of $4.00 per share. As a result of the transaction, GIAMATTEO JOHN JOSEPH now holds 490,761 shares, worth roughly $2.18 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 Friday, BlackBerry Ltd [NYSE:BB] saw its stock jump 0.68% to $4.44. Over the last five days, the stock has gained 6.47%. BlackBerry Ltd shares have risen nearly 17.46% since the year began. Nevertheless, the stocks have risen 55.24% over the past one year. While a 52-week high of $4.54 was reached on 01/30/25, a 52-week low of $2.01 was recorded on 01/03/25. SMA at 50 days reached $3.40, while 200 days put it at $2.74.
Levels Of Support And Resistance For BB Stock
The 24-hour chart illustrates a support level at 4.38, which if violated will result in even more drops to 4.31. On the upside, there is a resistance level at 4.51. A further resistance level may holdings at 4.57. The Relative Strength Index (RSI) on the 14-day chart is 71.08, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.60%. Stochastics %K at 83.35% 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.