BlackBerry Ltd. stock falls Friday, underperforms market
Shares of BlackBerry Ltd. BB, -3.56% slipped 3.56% to $4.87 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.33% rising…
From the Equity Insider archive. This article dates from Jul 16, 2023 and is preserved as first published.
Shares of BlackBerry Ltd. BB, -3.56% slipped 3.56% to $4.87 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.33% rising 0.33% to 34,509.03 and the S&P 500 Index SPX, -0.10% falling 0.10% to 4,505.42.
The stock’s fall snapped a four-day winning streak.
BlackBerry Ltd. closed $2.33 short of its 52-week high ($7.20), which the company reached on August 16th.
The stock underperformed when compared to some of its competitors Friday, as Alphabet Inc. Cl A GOOGL, +0.71% rose 0.71% to $125.42, Apple Inc. AAPL, +0.08% rose 0.08% to $190.69, and Motorola Solutions Inc. MSI, -0.38% fell 0.38% to $291.06.
The stock underperformed when compared to some of its competitors Friday, as Alphabet Inc.
Trading volume (3.9 M) remained 1.4 million below its 50-day average volume of 5.3 M.
