BlackBerry scores 15% gain on its first trading day

BlackBerry scores 15% gain on its first trading day
On its first trading day as BlackBerry, the stock of the smartphone and tablet manufacturer soared 15%. Part of the reason was an upgrade by Bernstein Research to "Outperform". It was the first time in three years that Bernstein has had such a rating on Research In Motion or BlackBerry. The company also raised its price target on the stock from $12 to $22. In addition, news that the launch of the BlackBerry Z10 had gone very well, had buyers lined up to buy the stock almost as though it were the white variant of the Z10, which has sold out in some U.K. stores.

The new ticker symbol is BBRY on NASDAQ. The stock started out life as Research In Motion and traded as high as $140 in 2008 before dropping to under $7 this fall. The shares closed Monday up $1.96 to $14.98 for a gain of 15.02% on the day. Nearly 83 million shares traded hands.
 

Not all analysts are bullish on the stock. GMP Securities analyst Deepak Kaushal cut his rating from "Reduce" to "Hold" as he sees little in BlackBerry 10 that will attract smartphone buyers back from competing platforms.

source: Reuters

Related phones

Z10
  • Display 4.2" 768 x 1280 pixels
  • Camera 8 MP / 2 MP front
  • Processor Qualcomm Snapdragon S4 Plus, Dual-core, 1500 MHz
  • Storage 16 GB + microSDXC
  • Battery 1800 mAh(10h 3G talk time)
Q10
  • Display 3.1" 720 x 720 pixels
  • Camera 8 MP / 2 MP front
  • Processor Qualcomm Snapdragon S4 Plus, Dual-core, 1500 MHz
  • Storage 16 GB + microSDHC
  • Battery 2100 mAh(13.5h 3G talk time)

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10 Comments

1. reyenrique

Posts: 99; Member since: Oct 07, 2012

let go black berry show us what u got

4. Nadr1212

Posts: 741; Member since: Sep 22, 2012

Go BlackBerry, BlackBerry, BlackBerry!!!!!!!!!! Girl On Fire Parody: this berry's on the black (in tone)

2. wendygarett unregistered

Most investors, are businessman... If the investors buy their share, simply means they will switch to bb10 anytime... businessman are smart, buy the shares, buy the product, then the product profit goes to your own pocket lol, because you are consumer and owner at the same time :)

3. theBankRobber

Posts: 682; Member since: Sep 22, 2011

It will continue to rise once the device is released to the public in the US and Canada. Can't wait to get me a BBz10

5. MC1123

Posts: 1256; Member since: Nov 12, 2012

nice BBRY!!! i will always believe in you!!!

6. hepresearch unregistered

This is encouraging. Reports of half a million sold on opening day is not a tremendous blowout that one might expect from an Apple product, but it is not at all bad either. To put that in perspective... the first year of Windows Phone 7 devices didn't even sell that many units in the entire US... in an entire year. So, things are already looking up for BlackBerry.

7. gmracer1

Posts: 646; Member since: Dec 28, 2012

I knew I shoulda bought some damn stock *facepalm*

8. joey18

Posts: 666; Member since: Jul 20, 2010

is good chance rim take winwows market share if thosen is going to the trash don think ios share or android bcs is from other planet

9. FireDragon

Posts: 117; Member since: Nov 13, 2009

I liked the concept of "Flow" when I heard way back with rumors of BB10 and I have been keeping a close eye ever since. And I loved it now. Although I don't have HATE-relation to any OS other than the iOS but I think BB10 is truly an OS I would love to use now. So far it is most fitting to my likeness due to amazing REAL-Time multi-tasking and integrated messaging and notification center, and of course the "Flow". This made MeeGo/MaeMo/Sailfish in second number now and let see how this/these guys will do when they show up in public in next handset. Unfortunately (for me) BB10 will stay exclusive to BlackBerry handsets (Yes I remember the rumors of licencing it out too), I did like Z10 as device but IF Looks and Strength of Xperia Z merge with Hardware-features of Lumia 920 with BB10 as OS and I will make a deal with devil to have a set like that anytime.

10. apiskula

Posts: 578; Member since: Jan 25, 2013

This phone will fail and RIP or we can only hope!

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