Why Shares of BlackBerry Soared in December | The Motley fool

© provided by The Motley idiot Why Shares of BlackBerry Soared in December What came about

Shares of BlackBerry (NYSE: BB) loved their top of the line month in contemporary reminiscence in December, gaining 12.95%, according to information offered via S&P international Market Intelligence. but that might have felt like just a little of a letdown for traders, who noticed the shares bounce 45% early within the month earlier than taking flight a bit in the weeks that adopted.

© YCharts BB So what

BlackBerry, the Canadian business once known as analysis in movement, is in all probability still most desirable well-known as the maker of the common need to-have smartphone. these days are long gone, however the enterprise has endured to plug away as a maker of software and features focused on protection.

The inventory got a can charge following a Dec. 1 announcement that BlackBerry was teaming with Amazon internet services to develop a platform which will support automakers assemble and prepare information from car sensors.

or not it's now not as glamorous a company as making smartphones. but if a success, the partnership may clear up a massive problem for automakers and open up a giant addressable market as vehicles turn into more computerized and sensors and facts develop into extra important. both companies hope to work collectively to unify tech from a big selection of different manufacturers so a variety of sensors can work together.

CONSTELLATION manufacturers, INC.

Now what

despite the December volatility, BlackBerry shares are really flat over the last three hundred and sixty five days. but if the Amazon partnership works out, the business may still be value a lot more in the years to come back than it is now.

The excessive-flying handset days are over, but BlackBerry has quietly assembled an spectacular set of security and cyber web of things software. it is a company to monitor heading into 2021.

John Mackey, CEO of total foods Market, an Amazon subsidiary, is a member of The Motley idiot's board of directors. Lou Whiteman has no place in any of the shares outlined. The Motley idiot owns shares of and recommends Amazon. The Motley idiot recommends BlackBerry and recommends here alternatives: lengthy January 2022 $1920 calls on Amazon and brief January 2022 $1940 calls on Amazon. The Motley fool has a disclosure coverage.

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