3 Reasons Why BlackBerry May be Ready to Grow on Its Own Merits
BlackBerry (NYSE:BB) was one of the stranger companies to be part of the meme stock movement. The company is best known for its namesake mobile devices. Nevertheless, the low share price at the beginning of the year made BlackBerry an attractive name for retail investors. In the first month of 2021, BB stock shot up from its 52-week low to its 52-week high. That’s a 281% increase for investors. PauseUnmute Fullscreen VDO.AI Depositphotos.com contributor/Depositphotos.com - MarketBeat But like many meme stocks, BB stock didn’t hold those gains. However, as the company gets ready to report earnings on December 21, 2021, the stock is testing a low last that could provide a level of support. And a good earnings report may be the catalyst the stock needs to move higher. One of the reasons that some meme stocks have fizzled out is because their underlying business plan has fundamental flaws. But whether by good fortune of design, the retail investors who piled into BB stock look like t