The stock of BlackBerry Ltd (TSE:BB) gapped up by $0.03 today and has $13.15 target or 33.00% above today’s $9.89 share price. The 9 months technical chart setup indicates low risk for the $5.30B company. The gap was reported on Nov, 14 by Barchart.com. If the $13.15 price target is reached, the company will be worth $1.75 billion more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 828,035 shares traded hands. BlackBerry Ltd (TSE:BB) has risen 6.85% since April 8, 2016 and is uptrending. It has outperformed by 1.87% the S&P500.
BlackBerry Ltd (TSE:BB) Ratings Coverage
Out of 9 analysts covering BB&T Corp (TSE:BB), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. BB&T Corp has been the topic of 16 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Hilliard Lyons given on Friday, October 16. TD Securities maintained the stock with “Buy” rating in Thursday, September 22 report. The stock of BlackBerry Ltd (TSE:BB) has “Sector Perform” rating given on Monday, September 28 by Scotia Capital. The rating was initiated by Piper Jaffray on Tuesday, November 24 with “Neutral”. The firm earned “Sector Perform” rating on Wednesday, July 20 by RBC Capital Markets. On Monday, August 29 the stock rating was maintained by TD Securities with “Buy”. RBC Capital Markets maintained it with “Sector Perform” rating and $11 target price in Monday, December 14 report. The firm has “Buy” rating given on Thursday, January 21 by Argus Research. Raymond James upgraded the shares of BB in a report on Monday, December 7 to “Strong Buy” rating. The firm earned “Equal Weight” rating on Friday, October 16 by Barclays Capital.
More notable recent BlackBerry Ltd (TSE:BB) news were published by: Profitconfidential.com which released: “BlackBerry Ltd: Could This Be a Game Changer for BlackBerry Stock?” on November 02, 2016, also Fool.ca with their article: “Why BlackBerry Ltd. Is Becoming an Interesting Option” published on November 08, 2016, Business.Financialpost.com published: “BlackBerry Ltd inks its first direct automative deal with Ford Motor Co for …” on October 31, 2016. More interesting news about BlackBerry Ltd (TSE:BB) were released by: Business.Financialpost.com and their article: “BlackBerry Ltd poised to make new smartphone announcement as online leaks increase” published on October 21, 2016 as well as Business.Financialpost.com‘s news article titled: “BlackBerry Ltd releases premium DTEK60 smartphone for $650, the company’s …” with publication date: October 25, 2016.
BlackBerry Limited provides mobile communications solutions. The company has a market cap of $5.30 billion. The Firm is engaged in the sale of smartphones and enterprise software and services. It currently has negative earnings. The Company’s services and products include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging.
BB.TO Company Profile
BlackBerry Limited (BlackBerry), incorporated on July 3, 1984, provides mobile communications solutions. The Firm is engaged in the sale of smartphones and enterprise software and services. The Company’s services and products include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. The Company’s subsidiaries include BlackBerry Corporation, BlackBerry UK Limited, BlackBerry Singapore Pte. Limited, Good Technology Corporation and QNX Software Systems Limited (QNX).
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.