What is the Market's View on BlackBerry Ltd (BB) Stock's Price and Volume Trends Monday?

BlackBerry Ltd (BB) stock is higher by 15.90% over the past week and gets a Bullish rating from InvestorsObserver 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?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 $7.07 as of 9:57 AM on Monday, Aug 8, a rise of $0.30, or 4.51% from the previous closing price of $6.76. The stock has traded between $6.84 and $7.15 so far today. Volume today is light. So far 1,781,861 shares have traded compared to average volume of 6,368,486 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.