Why BlackBerry Stock Popped 12% in August
Shares of BlackBerry (NYSE: BB) jumped 12.3% last month, according to data provided by S&P Global Market Intelligence, after the company announced that two of its products had passed security tests.
The technology company has become a so-called "meme stock" this year as some investors were drawn to its beaten-down share price and bought up shares, hoping for a massive rebound of the stock.
BlackBerry said in a press release on Aug. 24 that two of its products -- BlackBerry Protect and BlackBerry Optics -- had undergone "a range of hacking real-world attacks designed to compromise systems and penetrate target networks," and both passed with flying colors.
Source Fool.com
