Large Inflow of Money Detected in BlackBerry Limited

BlackBerry Limited (BBRY) : The money flow analysis of BlackBerry Limited (BBRY) indicates a $1.65 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $3.02 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.83 and so was the total money flow at $1.37 million. A solid up-down ratio of 2.69 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $1.96 million worth of block trades on upticks. Only $0.73 million worth of the stock exchanged hands on downticks. The money flow was $1.23 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of BlackBerry Limited (BBRY), pushing it down by -0.3% for the day. The stock slid $0.02 and traded at $6.65 during the day. Nonetheless, the stock is 0% over the previous weeks close.


Also, Imperial Capital maintains their rating on the shares of BlackBerry Limited (NASDAQ:BBRY). The current rating of the shares is In-line. Earlier, the shares were rated a In-line by the brokerage firm. Equity Analysts at the Firm lowers the price target to $7 per share from $7.5 per share. The rating by the firm was issued on June 16, 2016.

BlackBerry Limited (NASDAQ:BBRY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.70 and $6.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.76, notching a gain of 1.35% for the day. The total traded volume was 6,245,582 . The stock had closed at $6.67 on the previous day.

The stock has recorded a 20-day Moving Average of 1.32% and the 50-Day Moving Average is 1.4%.

BlackBerry Limited (BlackBerry) is a provider of mobile communications and services. The Company is engaged primarily in the provision of the BlackBerry wireless solution, consisting of smartphones, service and software. The Companys four areas of business are Devices business, Enterprise Services, BlackBerry Technology Solutions (BTS) business and Messaging. The Companys Devices business is focused on delivering smartphone products. BlackBerrys Enterprise Services business offers enterprise products and services. The Companys BTS business consists of five units: QNX Software Systems Limited (QNX), Certicom, Paratek, the BlackBerry Internet of Things (IoT) Platform, and Intellectual Property and Patent Licensing (IPPL). The Companys Messaging business is engaged in providing BlackBerry Messenger (BBM), the Companys instant mobile to mobile private messaging service. The Company offers a portfolio of smartphone products to both the enterprise and consumer markets.

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