BlackBerry (BB) Stock Short Squeeze Alert and Reddit Hype Surge
Tuesday, 14 May 2024, 13:40
Short Squeeze Alert for BlackBerry Stock
After GameStop and AMC Entertainment, BlackBerry stock is the latest meme stock at the center of a short squeeze. The surge in options trading and price increase points to a Reddit-fueled frenzy.
Reddit Hype and Trading Activity
BlackBerry joins the meme stock craze with a spike in social media mentions, resulting in a substantial rise in call options and share price.
- BlackBerry records 639 mentions on Reddit in 24 hours, reflecting a 3,894% increase.
- Stock price shows premarket gains of 24.19%, hinting at a further increase.
- Retail investors rally against short-sellers, impacting BlackBerry's short interest percentage.
- The trend illustrates a pattern seen with GameStop and AMC stocks, reflecting retail investor activism.
Invest wisely: The surge in BlackBerry stock reflects current market dynamics influenced by retail investor activity challenging traditional trading strategies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.