BlackBerry Limited BBRY was a big mover last session with its shares rising just over 7% on the day. The upside came reportedly after the company's first Android phone, Priv, sold out on Wal-Mart's website within a day of its launch. This development led to far more shares changing hands than in a normal session. The move breaks the recent trend of the company as the stock is now trading above the volatile price range of $7.37 to $7.86 since Dec 1.
This provider of wireless communications solutions worldwide has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate has also remained unchanged over the same period. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.
BlackBerry currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the wireless telecom space may consider Fairpont Communications, Inc. FRP, which holds a Zacks Rank #1 (Strong Buy).
Is BBRY going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment