BlackBerry shares soar as trading volume surges

Reuters2021-06-03

(Reuters) - U.S. shares in BlackBerry were up 18.0% on Thursday on track for its sixth straight day of gains and the stock was the second most heavily traded on U.S. exchanges as individual investors on Reddit's Wallstreetbets forum turned their focus to the security software company.

BlackBerry shares last traded at $18.00 with 214,883,715 shares already changing hands an hour into the trading session compared with its 25-day moving average of 30.5 million.

Trading volume in the stock started to spike higher on May 26 with volume vaulting to 26.5 million shares that day. On Wednesday, it closed up 31% with 346 million shares changing hands, its busiest trading day since January 27.

Even before Thursday's gains, BlackBerry stock had risen more than 77% in the last five sessions. It is up 174% year-to-date, which would be its biggest annual increase since 2003 if it holds.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Samho12
    2021-06-04
    Samho12
    I dk how the meme bubble will be like for blackberry but suffice to say the crazy ride in AMC yesterday impacted BB significantly 
  • SSVC
    2021-06-04
    SSVC
    Yeah Appreciate your comments and response Thanks 
  • koonkoon
    2021-06-04
    koonkoon
    Nic
  • StockWatcher
    2021-06-04
    StockWatcher
    At least it bring some fundamental along thehype?
  • Stoinkz
    2021-06-04
    Stoinkz
    Wow. Time to buy!!
  • Jon000
    2021-06-04
    Jon000
    Comment n like pls
Leave a comment
25