BlackBerry seeing stock market success
Despite it being looked at as a joke in the smartphone industry, BlackBerry is seeing some success on the stock market this year.
More from Technology
- Is Superstore new tonight, Dec. 19?
- Black Friday could be a bonanza for Apple TV+
- Avengers: Endgame directors developing Marvel vs. DC docuseries for Quibi
- 10 can’t-miss Disney+ shows and movies that everyone will be talking about
- What is Quibi? A look inside the ambitious mobile-friendly platform
In just six months, BlackBerry’s stock is up 50 percent in 2014, and is one of the top performing companies in its sector. It’s proving that the company can still create value for its shareholders.
At the start of 2014, BlackBerry’s (BBRY) stock was at $7.44 a share. On Monday, the company closed at $11.21 per share. As of 12:45 pm on Tuesday, the company’s stock, which had been fluctuating all morning, was sitting at $10.77 per share, down 3.97 percent from the day before.
Still, even with the slight decline on Tuesday, the fact that BlackBerry is posting improvements so far this year as to mean that the company is doing something right.
It recently brought its BlackBerry Messenger service to Windows Phone, and announced that the Amazon App Store was coming to all BlackBerry phones, making it more app friendly for users.
It’s still not likely that the company will catch on the same way it did in the mid-late 2000s, but the fact that it’s seeing stock gains today can only mean good things for BlackBerry in the short term, at least.
Sound off FanSiders! What do you think about the rising stock value for BlackBerry? Do you think it means anything significant for the company? Leave your thoughts in the comment section below.