BBRY...BlackBerry Priv Sells Out At Walmart And Best Buy; Stock Rips

Wal-Mart sold out of BlackBerry's

Priv Android smartphone on Thursday. The stock has surged on volume of 10.1 million shares. That volume is just above a 3-month daily average of 6.3 million. BlackBerry's stock rose of 6.5 percent or 4,772,916 shares in its short interest. BlackBerry's year-to-date stock performance is currently at -32.88 percent. The company had lost 4.53 percent in the last five trading days, falling 8.79 percent in the last 4 weeks. BBRY's surge in stock may very well be a result of Wal-Mart's website recently indicating that company's Priv Android smartphone is currently sold out. The Android device is also shown to not be available at Best Buy's website. BlackBerry rolled out Prive initially to Singapore, the Philippines and Malaysia. The company has been working to expand its market to retailers throughout the United States and Canada. BlackBerry began shipping its Priv Android smartphone in early November. The phone has since been sold for a hefty price of $700 in the United States. Wal-Mart's selling version of Priv is a factory unlocked STV100-1 variant. Brokerage firm Macquarie maintained its rating with an underperform rating on BlackBerry's shares. BlackBerry's average daily volume is of 4,791,789 shares. On November 13,2015, the short interest was 73,922,708 shares. The equity analysts at Macquarie had lowered their price target from $8 per share to $7 per share. The rating was issued on October 19, 2015. Zacks Investment Research has rated BlackBerry, ranking it at 3. The research firm has indicated that the short term the shares are a hold. Overall, there have been 18 Wall Street analysts who have rated BlackBerry with an average rating of 2.72. The shares has received a hold rating based on the suggestion from 12 analysts recommendations.