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BlackBerry(TSX:BB)(NYSE:BB) is one of a handful of stocks affected by the battle between large institutional hedge funds and small individual investors. For most of January, shares of BlackBerry were trading below $10. In the course of two weeks, BlackBerry stock soared as high as $36, only to tumble back down to around $15. As of this writing, the stock is trading at $14.78.
The mayhem started two weeks ago, when a herd of members of the Reddit retail investor group “WallStreetBets” (WSB) decided to start buying shares of BlackBerry,
GameStop (NYSE:GME), and a few other stocks en masse. This frenzied buying drove up the prices of these stocks and caused those investors who had “shorted” the stock into a “short squeeze.”
Operating cash flow at Amazon jumped 72% in year ending 31 December
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Amazon revenue soared to $386 billion in 2020
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