BB Stock: Why The Price Significantly Increased This Week

By Amit Chowdhry ● Oct 20, 2021
  • The stock price of BlackBerry Ltd (NYSE: BB) increased by over 20% this past week. This is why it happened.

The stock price of BlackBerry Ltd (NYSE: BB) increased by over 20% this past week. There are no company-specific reports driving the stock price up so it appears there are external factors at play.

Specifically, it appears that there has been a ramp-up in discussions about the company on stock trading forums. Several investors have specifically cited the uptick in discussions about the company on Reddit’s /WallStreetBets community.

This community is best known for coordinating the short squeeze on companies like GameStop and AMC earlier this year. According to Seeking Alpha, the mentions of BlackBerry on the WallStreetBets community increased nearly 140% over the preceding 24 hours as of yesterday.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.