BB Stock – BlackBerry Ltd. stock underperforms Tuesday when compared to competitors despite daily gains
Shares of BlackBerry Ltd.
advanced 3.30% to $8.77 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index
falling 0.85% to 4,127.83 and Dow Jones Industrial Average
falling 0.78% to 34,060.66. This was the stock’s third consecutive day of gains. BlackBerry Ltd. closed $20.00 below 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
rose 4.38% to $196.78, VMware Inc.
fell 0.67% to $162.39, and Citrix Systems Inc.
fell 0.92% to $115.80. Trading volume (7.2 M) remained 4.7 million below its 50-day average volume of 11.9 M.