Stock Market Today, May 4: BlackBerry Jumps After QNX Software Momentum Boosts Turnaround Optimism

BlackBerry (NYSE:BB), an enterprise security software provider, closed Monday at $5.58, up 2.86%. The stock moved higher as coverage of its QNX automotive software momentum kept the company’s software pivot in the spotlight. Trading volume reached 50.6 million shares, about 341% above its three-month average of 11.5 million shares. BlackBerry IPO'd in 1999 and has grown 190% since going public.S&P 500 slipped 0.40% to 7,201, while the Nasdaq Composite eased 0.19% to finish at 25,068. Among software infrastructure peers, Cisco Systems closed at $92.63, up 0.85%, and Palo Alto Networks ended at $184.56, gaining 1.92%.BlackBerry’s resurgence to popularity as a turnaround stock continued to gain steam today after an interview about the company’s QNX unit got a lot of attention from the market. BlackBerry’s “hidden” software from its QNX unit is in over 275 million cars on the road. BB works with all 10 of the top automakers and 24 of the top 25 EV makers, helping securely deliver features such as advanced driver assistance systems and the critical software that powers vehicles.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool