BB Stock – BlackBerry Ltd. stock outperforms competitors despite losses on the day
Shares of BlackBerry Ltd.
shed 2.90% to $8.36 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average
rising 0.06% to 34,133.03 and the S&P 500 Index
falling 0.67% to 4,164.66. This was the stock’s fourth consecutive day of losses. BlackBerry Ltd. closed $20.41 short of its 52-week high ($28.77), which the company achieved on January 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as CrowdStrike Holdings Inc. Cl A
fell 3.57% to $197.79, VMware Inc.
rose 0.05% to $160.68, and Citrix Systems Inc.
fell 3.40% to $119.20. Trading volume (8.6 M) remained 6.5 million below its 50-day average volume of 15.1 M.