Penny stock to sell !! Meme Stocks to Sell: BlackBerry (BB)
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This company has enjoyed a meme stock status similar to that of GameStop and AMC. For all of its problems now, though, BlackBerry (NYSE:BB) hasn’t always been a clear loser.
In 2008, before the iPhone made BlackBerry’s product almost obsolete, BB stock traded at more than $130 per share. Today, shares trade at less than $3 apiece — and that’s after rising last week.
Like most meme stocks, BlackBerry hasn’t displayed any actual growth in a long time. Transitioning away from smartphones and focusing on cybersecurity and software production hasn’t helped the firm stay relevant, even as these markets have grown. As of now, there’s nothing to indicate that BlackBerry will pull itself back above penny stock price levels and stay there.