What's Going On With BlackBerry's Stock?
Portfolio Pulse from Erica Kollmann
BlackBerry Limited (NYSE:BB) shares have declined over 10% in the past five days and 18% over the past month. The company is set to report its first-quarter financial results on June 26, with analysts expecting a loss of 4 cents per share and revenue of $134.052 million. BlackBerry will also host its Annual General and Special Meeting on June 25. The stock is trading below its 50-day moving average and near its 52-week low. Analysts have an average 12-month price target of $3 for the stock.
June 14, 2024 | 1:27 pm
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BlackBerry shares have declined significantly recently, with a 10% drop in the past five days and 18% over the past month. The company is set to report its Q1 financial results on June 26, with analysts expecting a loss. The stock is trading below its 50-day moving average and near its 52-week low.
The significant decline in BlackBerry's stock price, coupled with the upcoming financial results expected to show a loss, suggests a negative short-term impact. The stock is also trading near its 52-week low, indicating potential further downside.
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