BlackBerry Said to Attract Suitors for Its Parts and 2 More Heavily Traded Stocks to Follow
BlackBerry Ltd. (NASDAQ:BBRY): Closing price $10.56 According to inside sources to Reuters, the smartphone maker has lured bidders in its endeavor to sell itself, but the problem is that they seem mostly interested in parts of the company instead of buying all of it. The report says that private-equity firms are primarily examining BlackBerry’s operating system and keyboard-related patents. However, shares are up around 2.5 percent Tuesday on heavy volume.
Fifth Third Bancorp (NASDAQ:FITB): Closing price $18.55 Goldman Sachs has downgraded Fifth Third shares from Buy to Neutral, because of outsized exposure to mortgage banking, growing commercial and industrial competition, and limited asset sensitivity. The price target was reduced from $21 to $20.
Facebook Inc. (NASDAQ:FB): Current price $45.07 Facebook shares broke $45 Tuesday, rising over 5.75 percent following three sessions of losses. The company reacted to a positive write-up from analyst Youssef Squali at Cantor Fitzgerald, who said that Facebook is “one of the major Internet stocks positioned to benefit from Europe’s economic recovery.”
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