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BB May 2024 6.000 call
- Yahoo Finance Video
Meme stock trading frenzy enters day 2
The meme stock frenzy continues on Tuesday, as names such as AMC (AMC), GameStop (GME), and BlackBerry (BB) experience a surge in trading activity. This revival is fueled by the return of Roaring Kitty, the influential trader, to the social media platform X (formerly Twitter) yesterday. Roaring Kitty's resurgence has sparked a renewed interest in meme trades, with meme stocks across the board rallying in response to this unexpected comeback. Yahoo Finance's Jared Blikre breaks down the details, offering insights into the resurgence of the meme stock craze and comparing the current rally and the events of 2021. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Yahoo Finance Video
Meme stock rally met with 'level of excitement': tastylive CEO
Roaring Kitty, a prominent figure in the 2021 meme stock phenomenon, returned to the social media platform X (formerly Twitter) and sparked a rally in notable meme stocks in Monday's trading session. With a single post on X, stocks such as GameStop (GME), AMC Entertainment (AMC), and BlackBerry (BB) experienced significant gains. To provide insights into this resurgence of the meme trade, tastylive Founder and CEO Tom Sosnoff joins Market Domination. Sosnoff acknowledges that after a relatively slow period in the market (^DJI, ^IXIC, ^GSPC) over the past few weeks, this meme stock rally "was really welcomed" as "another level of excitement." However, he notes that while these meme stocks are experiencing significant upsides, he does not view the current situation as comparable to the surge that occurred in 2021, which he describes as "a transformational moment." Addressing the potential investors behind the buying frenzy, Sosnoff told Yahoo Finance: "What happens when you have a move like what you're seeing today is that a lot of the high-frequency firms, after they learned their lessons in 2021, they tried to get ahead of it. So, a lot of the volume is high-frequency firms and market-making firms that know that there's going to be customers coming in on the buy side, so they're just trying to get in front of it so they have some inventory to lay out." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
- PR Newswire
BlackBerry Recognized as a 2024 Gartner® Peer Insights™ Customers' Choice for Unified Endpoint Management (UEM) Tools
BlackBerry Limited (NYSE: BB) (TSX: BB) today announced it has been recognized with the Customers' Choice designation in the 2024 Gartner Peer Insights 'Voice of the Customer': UEM market. For the second year in a row, BlackBerry has been placed in the upper right quadrant based on customer feedback on deployment, capabilities, and support for BlackBerry® Unified Endpoint Management (UEM).
