ezXplain

BlackBerry shares rally as short-seller touts stock

Shares in BlackBerry Ltd , which had surged on Thursday after the company reported better-than-expected results, rallied further after investment newsletter Citron Research – typically known as a short-seller – touted the stock in a report on Friday. Citron, which had turned bullish on BlackBerry early this year, once again raised its price target on shares of the tech company, to $20 from $15, sending shares in BlackBerry up 4.5 percent to $9.50 in late morning trading on the Nasdaq. “We were excited about new CEO John Chen and the future of their enterprise software business, as well as their other unrecognized and undervalued properties,” said the firm in a report. Chen, who took the reins at BlackBerry seven months ago, has worked rapidly to trim costs, giving the Waterloo, Ontario-based company more time to stabilize its struggling handset business and earn more money from services and software.

Quoted from BlackBerry shares rally as short-seller touts stock on Gadgets News Headlines – Yahoo! News

Highlights. Youth Congress used a three years old image to claim high turn out at Rahul's recent rally in Nagpur. The lie was further perpetuated by Congress spokesperson and supporters. About three months ago, I discussed the continued pattern of major institutional holders selling their shares of BlackBerry . Despite the pany continuing its turnaround and receiving a large Top China s 2019 - s to Buy - China s/ETF's - Direxion Daily China Bull 3x ETF (YINN) is the Top China to Buy right now China markets are finally Tags: china, stocks, best, china, BlackBerry CEO John Chen's cautionary CEO John Chen h been around long enough in the tech space to offer up words of wisdom to those looking to make a quick buck from Lyft’s IPO. My top for May is Baytex Energy Corp (TSX:BTE)(NYSE:BTE), which is one of the cheapest s on the TSX posite Index. trade at just half of book value and the pany eily h

Leave a Reply

Required fields are marked *.


This site uses Akismet to reduce spam. Learn how your comment data is processed.