BlackBerry (BB) Stock Increased 4.31%: Details

By Amit Chowdhry ● Dec 2, 2022
  • The stock price of BlackBerry (BB) increased by 4.31% in the most recent trading session. This is why.

The stock price of BlackBerry (BB) increased by 4.31% in the most recent trading session.

Why: Meme stock rally

Details: The group of meme stocks rallied as Federal Reserve Chair Jerome Powell recently gave a speech indicating that the Fed is going to ease its high pace of interest rate rises at the next policy meeting later this month.

A meme stock is a stock that gained popularity through various social media platforms like Reddit, StockTwits, Twitter, Facebook, Discord, etc.