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!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With BB Stock Today?
BlackBerry Ltd (BB) stock is trading at $5.12 as of 10:35 AM on Tuesday, Sep 27, a rise of $0.15, or 3.02% from the previous closing price of $4.97. The stock has traded between $5.01 and $5.14 so far today. Volume today is light. So far 1,248,553 shares have traded compared to average volume of 5,364,193 shares.
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.