BlackBerry on top of hot stocks yet again 02 October 2013New York Reporter: Georgina Lavers
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SunGard Astec Analytics released its top ten hottest stocks from a securities lending perspective, which saw BlackBerry shooting back to the number one position in the latest top 10, having seen a heavy week swinging its share price up to 13 percent.
Last week started with news it had agreed to let a consortium of Canadian investors purchase the company for $4.7 billion in cash, said SunGard, commenting that the company was hit later in the week however, amid fears this deal would not actually be forthcoming.
BBRY finished on a low on Friday after it reported a $965 million Q2 loss, having already warned shareholders the previous week the company could see a loss of up to $1 billion.
Meanwhile, data from SunGard’s Astec Analytics shows borrowing levels continuing to climb least week, although having dipped a little lower following the initial news of the cash bid, edging 3% higher as those on the short side seemingly continue to build positions.
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