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MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT RESULTS

Chevron, Exxon under pressure as falling natural gas prices hit earnings

BlackBerry (BB) in Focus: Stock Moves 11.7% Higher

Zacks Equity Research
Updated

BlackBerry Limited BB was a big mover last session, as the company saw its shares rise nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $9.85 to $10.64 in the past one-month time frame.

The move came after the company reported better-than-expected second-quarter fiscal 2019 earnings.

The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

BlackBerry currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.  

BlackBerry Limited Price

BlackBerry Limited Price | BlackBerry Limited Quote

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A better-ranked stock in the Wireless Non-US industry is Softbank Corp. SFTBY, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is BB going up? Or down? Predict to see what others think: Up or Down

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Zacks Investment Research