Why Is Everyone Talking About BlackBerry Stock?
BlackBerry's (NYSE: BB) stock started the year at $6.58 per share, but it hit a nine-year high of $25.10 on Jan. 27. The stock subsequently retreated to the mid-teens, but still remains up nearly 140% for the year. Let's see why this battered tech stock suddenly attracted so much interest, and where it could be headed from here.
BlackBerry's rally started in early December after the company announced a partnership with Amazon (NASDAQ: AMZN) Web Services (AWS) to co-develop IVY, a new cloud-based automotive platform based on its embedded operating system QNX.
BlackBerry's stock jumped again in mid-January after it sold some of its older patents to Huawei and settled its patent infringement lawsuit against Facebook (NASDAQ: FB). BlackBerry initially sued Facebook and Snap back in 2018, claiming their apps infringed upon its mobile messaging patents.
Source Fool.com
