Sign in now to share your story.
Sign in with Facebook Sign in with Google+
Be first to contribute
Add Videos or Photos Be first to contribute
Verifying your credentials...
Please wait.
Uh oh!
We're experiencing a few technical issues.
Try again
Analyst downgrades have sent the shares of smartphone maker BlackBerry and security firm Symantec tumbling in Monday trading.
Shares of BlackBerry dropped 4% in pre-market trading after Oppenheimer downgraded the company to underperform, reports Street Insider.
The rating update follows BlackBerry's decision to drop the interim label from CEO John Chen's title. Chen assumed the top role at BlackBerry after the company announced it was taking itself off the market, instead accepting a $1 billion investment from Fairfax Financial Holdings. Chen replaced Thorsten Heins, who helped launch the company's struggling line of BlackBerry 10 devices.
Meanwhile, Symantec stock is down more than 2% after Morgan Stanley downgraded its stock to 'underweight.' According to CNBC, shifts in management and potential sales disruptions were cited for the change.
Also, social network Twitter continues its turbulent ride on Wall Street to kick off 2014. Shares are up nearly 4.5%.
Follow Brett Molina on Twitter: @bam923. USA NOW
What to do after Target data breach | USA NOWvia Odienk News copy copy http://#
No comments:
Post a Comment