Investors Not Impressed At Blackberry Ltd. Annual Meeting

Blackberry Ltd. )NASDAQ: BBRY) shares are trading lower by $0.25 at $6.80 in Wednesday's session. At the company's annual meeting CEO Chen stated that the company preferred to making its device business profitable as opposed to paying a dividend. Following a flat open, it matched Tuesday's closing price at $7.13 and began to move lower. The ensuing decline taken the issue to $6.76 and is not far off that level. If the decline continues there may be additional support at its June 17 low of $6.67.