Published March 28, 2014
BlackBerry on the Rebound and Other #Stocks2Watch
#Stocks2Watch: BlackBerry on the Rebound
BlackBerry shares shot higher Friday after the smartphone maker posted a shallower-than-expected quarterly loss.
BlackBerry (NASDAQ:BBRY) posted a narrower quarterly loss than analysts forecast Friday, despite weaker-than-expected revenues. Hopes the smartphone maker might be on the rebound after years of decline whet investors' appetites. The shares are jumping more than 6%.
A key U.S. regulator closed its investigation into Tesla's (NASDAQ:TSLA) popular Model S electric car. The move helps alleviate concerns about the cars' high-tech batteries that have set on fire on a handful of occasions. The shares are up more than 3%.
SAC Capital's Steve Cohen, the embattled hedge fund manager, boosted his stake in Zynga (NASDAQ:ZNGA) to 5.3%. Shares of the maker of FarmVille and other games are climbing some 3%.
FOX Business News Editor / Reporter Victoria Craig says she's going to be watching shares of Everyday Health. The company that makes personalized health tools is set to makes its public debut on the New York Stock Exchange under the symbol "EVDY."
Ariad Pharmaceuticals (NASDAQ:ARIA)
Ariad Pharmaceuticals (NASDAQ:ARIA) shares are up sharply on heavy volume. It's not clear why the shares are moving, but it's worth keeping an eye on.