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BlackBerry Drops 7% as Post-Earnings Rally Unwinds Despite Record QNX Quarter; MobilEye Adds 2%

Source: 247wallst.com

Corporate EarningsAutomotive & EVTechnology & InnovationInvestor Sentiment & Positioning
BlackBerry Drops 7% as Post-Earnings Rally Unwinds Despite Record QNX Quarter; MobilEye Adds 2%

BlackBerry's QNX automotive software unit delivered a record quarter, initially driving a rally in the shares. However, profit-taking reversed the move, with BlackBerry stock trading at $8.14 and down 7% this afternoon despite the strong earnings performance.

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