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BBRY Has a Good First Day at the Office

BBRY-Stock-Chart.jpg (726×450)-000128

Re-branded with a BBRY ticker symbol (it was previously trading as RIMM), BlackBerry’s stock did quite well Monday, opening trading at 13.74 and closing at 14.98 on the NASDAQ. The Monday close was a full 15% higher than Friday’s final trading. Though it’s likely to be coincidental to the new BBRY name, the 15% increase in price is good news for BlackBerry (previously Research in Motion) and its shareholders and could be the beginning of a bounce-back after the stock’s lackluster performance over the last two weeks.

At the very least, I guess it’s good that the stock ticker is better aligned with the way most people refer to the company.

3 total comments on this postSubmit your comment!
  1. It was due to Bernstein upgrading the stock to market outperform with a price target of $22 along with the news of initial sales figures being good in the UK and pre-orders in Canada.

    The analyst is a well known bear on Wall Street so it was a surprising upgrade to add to the Jefferies and Goldman Sachs upgrades/support last week.

  2. Blackberry difinitely needs a follow up commercial to demonstrate the abilities of BB10.

  3. I’d add very to the word well…

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