Under new CEO, BlackBerry bests tech index

It looks like BlackBerry CEO John Chen has the confidence of investors, who have pushed the smartphone maker’s stock up 58% since he took over a year ago, reports Bloomberg.

Read: Is BlackBerry making a comeback?

By comparison, the Nasdaq composite index, which tracks stocks like Apple and Microsoft, is up only 18% in the same time, says Bloomberg.

In 2014 alone, BlackBerry’s stock has gained 38%. The company was a bleak turning point before Chen joined it—a buyout deal had just collapse and its phone sales were flagging.

Read more here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.