There has been a certain degree of volatility in the BlackBerry (NYSE: BB) stock in recent days but on Wednesday it seemed to have made a steady recovery. In the 5 trading sessions prior to Wednesday, the stock had plummeted by as low as 18%.
However, yesterday, the stock recovered sharply and went up by as much as 9%. In addition to that, investors also need to note that the rally continued during pre-market trading hours, during which it rallied by another 9%.
It is likely that the BlackBerry stock is going to be in focus among many investors this morning and hence, it might be a good idea to keep an eye on the stock. In addition to that, it is important to point out that the BlackBerry stock has performed impressively this year so far and is still up by around 60%. The latest decline was possibly linked to the announcement from Ford that it was going to no longer use the company’s infotainment software QNX in its vehicles from 2023 onwards.