BlackBerry Target of Unusually Large Options Trading (BBRY)
Shares of BlackBerry (NASDAQ:BBRY) were the target of some unusual options trading activity on Tuesday. Stock investors bought 27,649 call options on the stock, American Banking & Market News reports. This represents an increase of approximately 113% compared to the typical volume of 13,011 call options.
Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. reiterated a “” rating on shares of BlackBerry in a research note on Thursday, July 31st. Separately, analysts at Zacks reiterated a “neutral” rating on shares of BlackBerry in a research note on Thursday, July 17th. They now have a $10.00 price target on the stock. Finally, analysts at TheStreet reiterated a “positive” rating on shares of BlackBerry in a research note on Wednesday, July 16th. They now have a $11.31 price target on the stock. Eight investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $8.90.
Shares of BlackBerry (NASDAQ:BBRY) traded up 2.65% during mid-day trading on Tuesday, hitting $10.45. The stock had a trading volume of 12,026,079 shares. BlackBerry has a 52 week low of $5.44 and a 52 week high of $11.65. The stock’s 50-day moving average is $9.89 and its 200-day moving average is $8.94. The company’s market cap is $5.427 billion.
BlackBerry (NASDAQ:BBRY) last posted its quarterly earnings results on Thursday, June 19th. The company reported ($0.11) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.63 by $0.74. The company had revenue of $966.00 million for the quarter, compared to the consensus estimate of $976.25 million. During the same quarter last year, the company posted ($0.13) earnings per share. BlackBerry’s revenue was down 68.5% compared to the same quarter last year. Analysts expect that BlackBerry will post $-0.61 EPS for the current fiscal year.
BlackBerry Limited, formerly Research In Motion Limited is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.
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