BlackBerry CEO Beats Nasdaq in 1st Year: Chart of the Day
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BlackBerry Ltd. investors are buying into John Chen’s turnaround strategy in his first year at the helm -- so much so that the stock is on track to beat the Nasdaq Composite Index this year for the first time since 2009.
The CHART OF THE DAY shows the Canadian smartphone maker’s shares are up 58 percent to $10.25 since Chen took over as chief executive officer a year ago. That compares with an 18 percent gain for the Nasdaq, an index predominantly made up of technology stocks like Apple Inc. and Microsoft Corp. BlackBerry’s 38 percent gain in 2014 alone is on pace to outperform the Nasdaq for the first time in five years.