BlackBerry (BBRY): Heavy Pre-Market Activity

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified BlackBerry ( BBRY) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified BlackBerry as such a stock due to the following factors:

  • BBRY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $67.8 million.
  • BBRY traded 922,574 shares today in the pre-market hours as of 7:39 AM, representing 13.6% of its average daily volume.

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More details on BBRY:

BlackBerry Limited provides wireless communications solutions worldwide. Currently there are 3 analysts that rate BlackBerry a buy, 4 analysts rate it a sell, and 12 rate it a hold.

The average volume for BlackBerry has been 8.3 million shares per day over the past 30 days. BlackBerry has a market cap of $4.8 billion and is part of the technology sector and telecommunications industry. Shares are down 18.9% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates BlackBerry as a sell. The area that we feel has been the company's primary weakness has been its declining revenues.

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