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However, closing yesterday’s session at $9.56, the stock is trading 66.8% below its 52-week high of $28.77. Furthermore, the stock has retreated 12.3% in price over the past six months and 6% over the past five days. Also, BB is currently trading below its 50-day and 200-day moving averages of $11.31 and $9.91, respectively, which indicates a downtrend.
Although the company’s strategic moves to expand its cybersecurity portfolio and enhance technological and monitoring solutions could position it for future growth, recent news regarding a flaw in its cybersecurity software could make investors anxious about the stock. Furthermore, BB appears to be struggling to stay afloat financially.
