BlackBerry Rebounds on Word of Cerberus Interest and 2 More Heavily Traded Stocks to Follow
BlackBerry (NASDAQ:BBRY): Current price $8
BlackBerry shares are up by about 1.25 percent Wednesday in heavy trading, perhaps due to a report of a possible second expression of interest in the struggling firm. Knowledgeable sources had told the Wall Street Journal that BlackBerry has lured interest from firms like Cerberus Capital Management LP, which specialize in distressed investing. Cerberus wants to sign a confidentiality accord with BlackBerry that would permit it to access private financial information, but it might still not bid, said the Journal, quoting one of its sources.