BB is trading 10% up now at $7.32, extending a strong multi-day rally that accelerated following recent earnings beats and upbeat commentary regarding its QNX automotive software business.
- Today’s move follows a 7.26% gain on May 21, with shares maintaining bullish technical momentum and trading well above recent resistance levels.
- Investor sentiment is driven by optimism that BlackBerry’s strategic pivot toward software and IoT, specifically within the QNX division, can sustain growth despite broader valuation concerns.