The Thesis Is Still Intact: BlackBerry Limited (BB), Alcoa Corporation (AA)

With BlackBerry Limited (NYSE:BB) price’s latest movement, it is now -48.32% away from its 1-year high and 14.46% higher than its 1-year low price. In the past seven days, the stock price volatility for BlackBerry Limited was 3.06%, whereas its volatility in the past 30 days has been 4.37%. This public company’s stock also has a beta score of 2.04. When the beta value is less/more than 1, it can imply that the stock is less/more volatile than the wider stock market – a metric that traders will surely be keeping tabs on.

BlackBerry Limited (NYSE:BB) most recently published its quarterly earnings results. The firm posted $0.05 earnings per share (EPS) for the three-month period, surpassing analysts’ consensus estimate of $0.02 by $0.03. The publicly-traded organization reported revenue of $228.00 million for the quarter, compared to the average analyst forecast calling for $214.45 million, which was surpassing the analyst consensus estimate.

Shares of BlackBerry Limited (BB) surged 0.67%, amounting to a gain of $0.05 per share, to finish the regular trading session at $7.52 on Thursday 01/10/2019. After beginning the session at $7.4, shares of BlackBerry Limited reached as high as $7.54 during the day, while hitting a 1-day low of $7.325. Trade volume reached 2,404,084 shares against this stock’s average daily volume of 4.55M shares, with a total float of 530.46M. As a consequence of the price increase, BlackBerry Limited now has a current market value of 3.99B.

Alcoa Corporation (NYSE:AA) subtracted -0.41% to its trading price by the close of the most recent session, dropping from its previous closing price of $29.10 to $28.98. This stock increased in value by 10.44% during the last 7-day period, and experienced a gain of 2.33% over the past 30-day period. In the past three months, this stock’s price lost by -23.01% , and subtracted -39.70% to its price during the last six months of trading. AA demonstrated a yearly price loss of -46.53% , while its year-to-date (YTD) price performance has been up 9.03% . This stock’s price changed by +15.87% compared to its 90-day low, and moved down -28.76% comparing to its 90-day high price.

Have a quick look on short, medium and long-term indicators. According to the Composite Indicator, Trendspotter rated the AA stock as “Sell”. In the short-term, Alcoa Corporation (AA) has a 20-day average volume of 3,111,620 shares and short-term indicators sets the AA stock as “ 40% Buy ” on average basis. In the medium-term, AA stock has a 50-Day average volume of 3,198,564 shares and medium-term indicators gave the average rating of “ 25% Sell ”, while in the long-term period the FB stock has a 100-Day average volume of 3,733,947 shares. On average, long-term indicators rated the stock as “67% Sell ”. The overall picture from all short, medium and long-term indicators sets the AA stock as “16% Sell ” on average basis.

Recently, multiple brokerages have sent out reports on AA. B. Riley FBR, for example, Reiterated its rating on shares of Alcoa Corporation to a “Buy”, while setting a $49 price target on shares of the company’s stock, according to a research note from Thursday December 20th, 2018. Credit Suisse Reiterated their target price for this stock from $65 to $58, while giving the stock a “Outperform” rating, as stated in a research report from Tuesday, September 25th, 2018. Berenberg, on the other hand, Initiated a “Buy” rating on this stock, while posting a $54 price target on shares of this company’s stock in a research note dated Friday, September 21st, 2018.

In other news related to Alcoa Corporation stock, Age shares of AA held by institutions. The total number of institutions who held the AA shares was 39, according to most recent SEC filling. During the past quarter, total 34 shares held by institutions with the net change of 34 shares. In the meantime, 54 new institutions bought the shares of Alcoa Corporation for the first time and 31 institutions sold all their holdings in the company’s common stock. 43 institutions increased their investment in the AA stock and 44 institutions decreased their investment in the Alcoa Corporation (AA)’s stock during the last quarter.