BlackBerry
Much of last week’s ‘off-exchange’ trading volume of BB stock involved short sellers In the first three months of 2023, quite a number of large institutions bought shares of BlackBerry (NYSE:BB) stock, according to recent SEC filings compiled by Fintel. BB stock posted a 20.8% rise in those three months; Since March 30, it’s added another 34.5% to that. Further, the data shows that last week, short sellers accounted for a large percentage of Blackberry’s off-exchange trading volume. Also last week, the company reported that it is “targeting… profitability,” excluding some items, in the fourth ...
ValueWalk
Blackberry reported Q1 earnings, and despite beating analyst estimates, the stock continues to struggle.Net profit was -$181 million, or -$.35 per share.Revenue fell by 3.4% y-o-y to $168 million.Software and services revenue grew by 9% y-o-y to $164 million.Blackberry’s stock is down 55% from its 52-week high.Blackberry (NYSE:BB) continued to struggle during the first quarter with negative growth overall and low single-digit growth in its software segment. It’s been known for a while that Blackberry has lost its way in its core area of business, which is security. While competitors such as Cr...
ValueWalk
ValueWalk
This is a blog post on the news surrounding a short position in Gamestop – this article is merely speculation (an educated guess) based on our thoughts and looking at some publicly available data. The below was submitted by a reader who wishes to remain anonymous. We suspect that Melvin Capital was building a short position in GameStop Corp. (NYSE:GME) in 2Q and 3Q 2020 at around $10. At $10, versus a former trading range of $3 to $6, it implies a 100% return. (Sell at $10 and buy at $5). Q4 2020 hedge fund letters, conferences and more Short Position In GameStopBut volumes at this time are ab...
ValueWalk
ValueWalk
Robinhood, TD Ameritrade and Interactive Brokers have restricted trading on GameStop and other high-flying stocks after massive rallies triggered short squeezes in several names. In addition to GameStop, Robinhood and Interactive Brokers also restricted trading on AMC Entertainment, Koss and BlackBerry. Q4 2020 hedge fund letters, conferences and more TD Ameritrade also restricted AMC Entertainment, and Robinhood also removed Nokia from its platform. Charles Schwab also restricted GameStop and some other stocks. Several brokerages experienced service outages because investors rushed to buy the...
ValueWalk
ValueWalk
It’s officially “stonk season” in the markets. The IPO market continues to baffle, and SPACs continue to pop-up like weeds in your front yard. Q4 2020 hedge fund letters, conferences and more The Robinhooders Are At It AgainPlus if you’ve seen GameStop (GME), AMC Entertainment (AMC), and Blackberry (BB) lately, you know the Robinhooders are at it again. These speculative gambles are ridiculously frothy right now as hedge funds and institutions continue to try and cover their shorts. The moves these stocks are making are more detached from reality than the guy in a buffalo headdress at the Capi...
ValueWalk
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