Why BlackBerry Stock Fell 16% in July

·2-min read
Why BlackBerry Stock Fell 16% in July

"The Meme Stock Trade Is Far From Over," declared Barron's on July 12, 2021 -- but somebody forgot to tell investors in BlackBerry Limited (NYSE: BB) stock. Over the course of the month of July, as the S&P 500 put together a modest 2.2% rise, shares of Reddit favorite BlackBerry fell a depressing 16.2%. As you may recall, BlackBerry reported its fiscal Q1 2022 earnings on June 24, and while the news wasn't horrible, it certainly wasn't great.

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