Why BlackBerry Stock Is Rising Today
Shares of BlackBerry (NYSE: BB), a software company focused on enterprise and government security solutions, rose as much as 14% in early trading on Friday. As of 10:39 a.m. EDT, the stock was up 11%.
BlackBerry hasn't released any noteworthy news that could justify today's jump. There weren't any analyst upgrades or price target revisions, either. That makes it likely that the double-digit jump is simply a relief rally from the stock's recent beatdown.
BlackBerry has been hit so hard over the last few months that its share price was down by more than 50% since the start of 2020 just a few days ago. The stock is still down more than 40% year to date even if you include today's jump.
Source Fool.com
