Ericsson shares are trading higher in sympathy with BlackBerry, which reported better-than-expected Q1 results on Wednesday.
Portfolio Pulse from Benzinga Newsdesk
Ericsson shares are trading higher in sympathy with BlackBerry, which reported better-than-expected Q1 results on Wednesday.
June 29, 2023 | 11:08 am
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POSITIVE IMPACT
Ericsson's stock is trading higher due to BlackBerry's positive Q1 results.
Ericsson's stock is trading higher as a result of BlackBerry's better-than-expected Q1 results. This is because the two companies are in the same sector and positive news for one can often lead to a rise in the stock prices of other companies in the same sector.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100