BlackBerry Surges, Eyes on Tuesday for Next Move
BlackBerry’s Toronto shares hit a 52-week high Monday, trading at C$11.47 before settling at C$11.37. U.S. shares remain frozen at $7.91 with the NYSE closed for Memorial Day. The stock jumped 28% last week after strong Q4 results and a new record for QNX revenue. CIBC raised its price target to US$8.50, citing momentum in BlackBerry’s QNX and secure communications units.