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BlackBerry surges to 434th in trading volume with 1.95 billion shares traded
Generated by AI AgentAinvest Market Brief
Friday, May 9, 2025 7:58 pm ET1min read
On May 9, 2025,
(BB) saw a trading volume of 1.95 billion, marking a significant 229.54% increase from the previous day. This surge placed BlackBerry at the 434th position in terms of trading volume for the day. Additionally, BlackBerry's stock price rose by 0.26%, marking its sixth consecutive day of gains, with a total increase of 13.06% over the past six days.BlackBerry has announced a normal course issuer bid (NCIB) share buyback program, which has been approved by the Toronto Stock Exchange. This program is set to commence on May 12, 2025, and will continue until the earliest of May 11, 2026, or when the buyback cap is reached. The program allows BlackBerry to repurchase up to 27.86 million shares, representing approximately 4.7% of its outstanding shares. This initiative demonstrates BlackBerry's commitment to navigating current market challenges and its confidence in its long-term growth prospects.
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