Why BlackBerry (TSX:BB) Stock Fell Over 30% Last Month : vim

Why BlackBerry (TSX:BB) Stock Fell Over 30% Last Month


Shares of Canada’s tech company
BlackBerry (TSX:BB)(NYSE:BB) have been volatile this year. BlackBerry stock rose from $8.44 a share at the start of 2021 to touch a multi-year high of $31.5 at the end of January. It’s currently trading at $13.22 at the time of this report.
The stock began its upward spiral in December 2020 after it disclosed a partnership with
Amazon Web Services in order to develop a cloud-based automotive platform called IVY. This platform will be based on BlackBerry’s embedded operating system known as QNX.
The stock again gained momentum in January after it settled a patent infringement lawsuit against social media giant

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