BlackBerry (BBRY) has been taking shareholders on a roller coaster ride. Right now it's up in premarket trading here on the NASDAQ. But yesterday shares gave up more than 4.5%. Last Friday's release of the Z10 is what's behind the recent volatility. First there were high hopes for the smart phone, but now that's turned to disappointment. A Goldman Sachs analyst now gives the device just a 20% chance of being a sales success. BlackBerry reports its quarterly earnings on Thursday, though they won't include sales from the U.S. launch of the Z10. But take note: shares have moved an average of 16% the last three times the company reported.
JC Penney (JCP) shares were down more than 1.6% yesterday. An analyst at BMO Capital Markets downgraded Penney's from marketperform to underperform, and said at this rate the company may go bankrupt next year. The company's stock is now at less than 40% of its 52-week high, which was a year ago tomorrow.
Veeco (VECO) Instruments has soared more than 8.5% on an analyst upgrade. Its price target was also raised from $25 to $48. Veeco makes equipment which is used in the manufacture of LEDs and hard-disk drives. Over the past year shares have traded between $26 and $40. Right now it's just about $2 short of its high.
Shares of Tesla (TSLA) spiked more than 5% yesterday afternoon when company co-founder Elon Musk sent out a tweet. It read, "Really exciting announcement coming on Thursday. Am going to put my money where my mouth is in "v" major way." It was retweeted more than 450 times. But also sparked outrage like this tweet: "Is the S.E.C. going to look at Elon Musk after that cryptic Tesla tweet. Stock now up 4% on heavy volume."