The rumors just won't go away. BlackBerry stock was riding high a few days ago on rumors Samsung would acquire BlackBerry. After both Samsung and BlackBerry denied takeover rumors, BlackBerry stock tanked. Samsung said it wanted to partner with BlackBerry instead of acquire them, but a new rumor along with leaked documents said otherwise. BlackBerry stock was soaring again on the renewed rumors.
Shares of BlackBerry rose nearly 6% Thursday after The Financial Post reported Samsung is still leaning towards a takeover of BlackBerry.
BlackBerry's turnaround has been a whirlwind. After a massive multi-year decline in value, John Chen came in as CEO and turned the company around. With the turnaround came questions about BlackBerry's future, and every time questions arise the stock market reacts. We can expect rumors like these to persist and BlackBerry stock to be volatile.
Shares of BlackBerry rose nearly 6% Thursday after The Financial Post reported Samsung is still leaning towards a takeover of BlackBerry.
BlackBerry's turnaround has been a whirlwind. After a massive multi-year decline in value, John Chen came in as CEO and turned the company around. With the turnaround came questions about BlackBerry's future, and every time questions arise the stock market reacts. We can expect rumors like these to persist and BlackBerry stock to be volatile.