fxstreet.com 09 Feb, 2021 12:00 am

Finishes strong after an early morning spike continues its momentum

Finishes strong after an early morning spike continues its momentum
NYSE:BB investors are still trying to catch their collective breathes as the Canadian company was dragged into the great Reddit war between retail inv

BlackBerry’s strong fundamentals are keeping it afloat as other meme stocks deflate.While BlackBerry has managed to stay relatively steady throughout the recent chaos, other meme stocks like AMC (NYSE:AMC) and GameStop (NYSE:GME) have tumbled, losing nearly 70% and 90% respectively since the late January highs.Needless to say, BlackBerry will emerge as a company that is much stronger than the other meme stocks that it was grouped in with.77 at one point in late January before falling back down to its current price levels.

While BlackBerry continues to trade in a volatile matter, it has still managed to return 118% to investors over the past 52-weeks, and at one point was trading for as low as $2.BB stock forecast The biggest issue BlackBerry continues to struggle with is to distance itself from its smartphone past.

Read full story at fxstreet.com