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While meme stocks continue to exist, their heyday appears behind us. Many of the best-known meme stocks that ran up the most in 2021 at the peak of the last market frenzy are now a pale shadow of their former selves.
The veteran company announced a new round of capital-raising. It has floated at least $175 million worth of convertible senior notes.
For many tech stocks, it's been a solid start to the year. However, for certain beaten-down legacy companies like BlackBerry (NYSE: BB ), intense selling pressure continues.
Double digits were wiped from BlackBerry Ltd's share price in Wednesday's pre-market session after the mobile phone-cum-software company announced a $160 million private debt offering. BlackBerry is hoping to raise the cash to cover the repurchase of $150 million worth of outstanding debt maturing next month, with the remainder, if any, earmarked for “general corporate purposes”.
BlackBerry (BB) reported earnings 30 days ago. What's next for the stock?
BlackBerry (BB) introduces QNX Everywhere to bridge the skills gap in the global developer ecosystem.
BlackBerry's (BB) IVY platform is deployed by MIH Consortium to power its electric vehicle platform.
On December 11, 2023, BlackBerry Limited (NYSE: BB, $3.26, Market Capitalization: $1.9 billion), a leading provider of security software and services to enterprises and governments, announced its plan to separate the IoT and Cybersecurity businesses to operate as fully standalone divisions.
Wall Street's views on stocks and sectors can change tremendously in a short time. For example, in early 2022, the Street was sure that Luckin Coffee (OTC: LKNCY ) was dead and buried.
Meme stocks are not what they were back in 2021 when they took the market by storm, crushed Wall Street short-sellers and put hedge fund Melvin Capital out of business. But meme stocks haven't gone away.