Why BlackBerry (BB) Stock Is Moving
Portfolio Pulse from Henry Khederian
BlackBerry Ltd's shares are trading lower by 3.15% to $5.06, following a gain on Friday due to a Bloomberg report suggesting Veritas is considering a takeover offer for BlackBerry. In May, BlackBerry announced plans to review its portfolio and consider strategic alternatives to boost shareholder value, including a possible separation of some companies.
August 28, 2023 | 2:44 pm
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BlackBerry's stock is trading lower following a gain on Friday due to a potential takeover offer from Veritas. The company is considering strategic alternatives to boost shareholder value.
The drop in BlackBerry's stock price is likely due to the market's reaction to the potential takeover offer from Veritas. The company's announcement of considering strategic alternatives to boost shareholder value could also be influencing the stock price.
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