BB Stock Price Increases Over 9% Pre-Market: Why It Happened

by 24USATVJan. 25, 2021, 3 p.m. 55
-


• The stock price of BlackBerry Ltd (NYSE: BB) increased by over 9% pre-market as of 6:35 AM ET today. This is why it happened.

The stock price of BlackBerry Ltd (NYSE: BB) increased by over 9% pre-market as of 6:35 AM ET today. This is a continuation of a surge in BlackBerry’s stock price over the last few weeks.

Since January 13, the stock price of BlackBerry increased by over 88%. This is one of the largest rallies for the company since February 2000.

There have been a few triggers as to why the stock price has been going up. This includes a partnership being announced with Amazon’s AWS to accelerate automotive innovation through a new intelligent vehicle data platform. Blackberry also signed a settlement with Facebook regarding a global patent fight. Plus BlackBerry also reportedly sold 90 patents to China-based Huawei.

At least 2 BlackBerry executives sold shares according to SEC filings, according to Bloomberg. BlackBerry CMO Mark Wilson sold over $990,000 of BlackBerry stock on January 20. And BlackBerry CFO Steve Rai sold about $430,000 of stock on January 20 as well.

“The executives traded during an open trading window as permitted under company policy, and all of our executives continue to have strong equity-based incentives through our long-term equity program,” said a BlackBerry spokesperson in a statement.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

-

Related Articles

HOT TRENDS

Good Friday’s Answers to Wounded Church Members

by 24USATVMarch 29, 2024, midnight2
HOT TRENDS

Red Sox set Opening Day lineup for 2024 season

by 24USATVMarch 29, 2024, midnight2
HOT TRENDS

Sam Bankman-Fried’s Dream Came True

by 24USATVMarch 29, 2024, midnight2
HOT TRENDS

MLB Opening Day: Boston Red Sox against Seattle Mariners

by 24USATVMarch 28, 2024, 11 p.m.2
HOT TRENDS

MLB Opening Day: Listen to the New York Yankees vs. the Houston Astros

by 24USATVMarch 28, 2024, 9:20 p.m.2
HOT TRENDS

What we think we know about the 2024 Boston Red Sox on Opening Day

by 24USATVMarch 28, 2024, 9:20 p.m.2
HOT TRENDS

Matt’s Take – Cincinnati Reds Opening Day 2024

by 24USATVMarch 28, 2024, 8:20 p.m.2
HOT TRENDS

Reflections on the cusp of the Cubs’ 2024 season

by 24USATVMarch 28, 2024, 8:20 p.m.2
HOT TRENDS

Detroit Tigers' starting lineup for MLB Opening Day 2024 game announced

by 24USATVMarch 28, 2024, 8:20 p.m.2