BlackBerry Ltd (NASDAQ:BBRY) Stock Trading Activity Buzz; LinkedIn Corp (NYSE:LNKD) is …
On Friday, Shares of BlackBerry Ltd (NASDAQ:BBRY) inclined 1.15% to $7.06. The stock attained the volume of 4,322,740 shares. On APR 9, according to Forbes, BlackBerry’s handset sales for the first calendar quarter of the year make for sobering reading. At 600,000 devices it missed the nominal target set by Wall Street, and fell well short of where the Canadian company needs to be achieving if it is to reach the formerly stated aim of three million handset sales in 2016.
CEO John Chen has now said that BlackBerry will focus on the mid-range, with two new Android-powered handsets due out this year (reports The National’s John Everington). One will feature a physical keyboard – this is likely to be the BlackBerry Venice, formerly stated on Forbes, while the other will be a full touchscreen device. Forbes Report
In the liquidity ratio analysis; debt to equity ratio was 0.38. The company has the institutional ownership of 51.80 percent while the Beta factor was 0.98. BlackBerry Ltd (NASDAQ:BBRY), as of current trade, has shown weekly downbeat performance of -5.61 percent which was maintained at -14.32 percent in 1-month period. The year-to-date (YTD) performance reflected a -23.92 percent below last year. During the past three months the stock loses -11.75 percent, bringing six-month performance to -1.40 percent. The stock holds the market capitalization of $3.99B.
Shares of LinkedIn Corp (NYSE:LNKD) dropped -3.54% to $108.45. On April 8, The business-oriented social networking service could be disadvantaged by lower job growth, MKM said.
“Growth in job postings has been a tailwind, but appears to have peaked and online postings depreciated in the first quarter for the first time since the recovery began six years ago,” the firm said.
In Addition To, LinkedIn has been the worst performing stock in the Internet sector this quarter, according to MKM. The company has more exposure to macroeconomic trends contrast to its peers, the firm noted.
“We do not like this setup, are not comfortable recommending the stock in the near-term and prefer to ‘tap-out’ ahead of the quarter,” MKM added.
For LinkedIn Corp (NYSE:LNKD), ATR value is at 3.58. If we take a look on its volatility, 2.67 percent was seen in a week and for the month it was 2.83 percent.
The stock is now trading at a distance of -4.31% from 20-day simple moving average. In the current trading session, the stock’s price moved -42.99% below its 200 day moving average. The stock is presently trading -13.01% below its SMA 50.