Stocks Bounce Back From Selloff Amid Upbeat Earnings Reports
Near the bottom of the NYSE today is BlackBerry Ltd (NYSE: BB), down 40.8% to trade at $14.78 at last check, after online trading platforms such as Interactive Brokers and Robinhood placed restrictions on multiple stocks following ramped up speculative trading activity. Similarly to GameStop (GME), BlackBerry is now the target of Reddit. Ramped up buying sent the security surging to a 10-year high of $28.77 yesterday, after struggling with resistance at the $8 mark for the past several months. Year-over-year, BB now carries a 123.2% lead.
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