3 Stocks That Are Tearing It Up This Weekend

Blackberry Ltd (NASDAQ:BBRY)‘s newest smartphone is the Priv, and it’s the company’s first Android-based device. It’s also pulling in some solid reviews, although the somewhat hefty price tag is being seen as a likely detriment to its success. At about $700 unlocked for an Android device, which are typically known for being a more affordable alternative to Apple devices, and coming from a manufacturer that doesn’t exactly have a lot of positive momentum, the price could indeed be a major misstep. Regardless, Blackberry Ltd (NASDAQ:BBRY) is hailing the device as the most secure Android phone on the market, and reviews are praising it as one of the most stylish BlackBerry devices yet (while still retaining the Canadian company’s signature physical keyboard, which slides out when needed).

Joanna Stern of the Wall Street Journal wrote that the Priv is the first BlackBerry device in years that she’s liked using, and would recommend, declaring that it may not be too late for BlackBerry after all. Daniel Cooper of Engadget praised the phone’s looks and the fusion of BlackBerry and Android’s positive traits, but felt the price was a major detractor. Shares of Blackberry Ltd (NASDAQ:BBRY) gained 5.53% on Friday thanks to the mostly solid reviews, and are up by nearly 1% in weekend trading. Elite investors in our database held 15.10% of BlackBerry’s shares on June 30, and will be hoping the firm’s move to using the Android OS will help breathe new life into its top and bottom lines. We’ll get a first glimpse of the results on December 18 when BlackBerry reports its third quarter results for fiscal year 2016, for the quarter ending November 28.

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