Shares of BlackBerry Ltd. BB, 2.93% shed 3.16% to $8.88 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, 0.61% falling 1.14% to 4,568.02 and Dow Jones Industrial Average DJIA, 0.93% falling 1.23% to 34,932.16. BlackBerry Ltd. closed $19.89 below its 52-week high ($28.77), which the company achieved on January 27th.
The stock underperformed when compared to some of its competitors Monday, as CrowdStrike Holdings Inc. Cl A CRWD, -1.62% rose 0.58% to $206.29, VMware Inc. VMW, 0.66% rose 0.17% to $114.99, and Citrix Systems Inc. CTXS, 14.33% rose 0.16% to $83.65. Trading volume (10.3 M) eclipsed its 50-day average volume of 8.9 M.