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Saturday, September 21, 2013

Blackberry (BBRY) Stock Drops 20% - Cuts 4,500 Jobs

Blackberry (BBRY) stock dropped 20% after the company slashed guidance and cut 4,500 jobs.

  

Blackberry (BBRY) shares dropped hard on Friday after bearish earnings news and an announcement that the company will layoff 4,500 workers.  BBRY stock dropped 17% during the trading day to $8.73 but and then dropped another 3% after hours.

Blackberry (BBRY) needs to hold $8.57 on Monday or it could get ugly.  The next major support level to watch is located at $8.14 & $8.

Also see - Top Stocks 2014 - Top Stock Gainers 2013




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