How Will the Market React to BlackBerry Ltd (BB) Stock Getting a Bullish Rating

Overall market sentiment has been high on BlackBerry Ltd (BB) stock lately. BB receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

BlackBerry Ltd has a Bullish 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?

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 down -2.96% while the S&P 500 has gained 0.81% as of 3:30 PM on Monday, Mar 20. BB is lower by -$0.11 from the previous closing price of $3.71 on volume of 2,864,577 shares. Over the past year the S&P 500 is down -11.50% while BB is lower by -49.51%. BB lost -$0.16 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.