BlackBerry Rallies 47% in a Month: What is Driving the Stock?
BlackBerry(BB) ZACKS·2024-12-24 15:16
BlackBerry Limited’s (BB) shares have rallied 47.1% in the past month, significantly outpacing the industry’s growth of 0.8% and the S&P 500 composite’s decline of 0.3%.Price PerformanceImage Source: Zacks Investment ResearchThe stock received impetus following the company’s announcement of the sale of its Cylance business to Arctic Wolf and third-quarter 2025 results, wherein BB reported solid adjusted EBITDA performance and positive free cash flow ahead of schedule.BB stock gained 2.7% last day and closed ...