Is BlackBerry Ltd (BB) a Stock to Watch After Losing -0.56% This Week?

The market has been down on BlackBerry Ltd (BB) stock recently. BB gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

BlackBerry Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on BB!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With BB Stock Today?

BlackBerry Ltd (BB) stock is unchanged 0% while the S&P 500 has fallen -0.19% as of 3:37 PM on Friday, Dec 29. BB is unchanged $0.00 from the previous closing price of $3.56 on volume of 5,508,515 shares. Over the past year the S&P 500 has risen 26.19% while BB has risen 11.95%. BB lost -$0.98 per share in the over the last 12 months.

More About BlackBerry Ltd

BlackBerry, once known for being the world's largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets. Click Here to get the full Stock Report for BlackBerry Ltd stock.