Why BlackBerry Stock Skyrocketed 112.8% in January
Shares of BlackBerry (NYSE: BB) soared 112.8% in January according to data from S&P Global Market Intelligence. The technology company's stock benefited from excitement surrounding short squeezes after incredible gains for GameStop stock kicked off a scramble to find other similar opportunities.
By buying up shares of the video game retailer's stock, investors coordinating on internet message boards triggered a short squeeze and powered incredible valuation gains. BlackBerry also had relatively high short interest, and investors started piling into its stock.
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Source Fool.com
