Loeb buys into BlackBerry, shares +2% AH

|About: BlackBerry Ltd. (BBRY)|By:, SA News Editor

In its Q4 13F, Dan Loeb's Third Point LLC discloses it had a 10M-share BlackBerry (BBRY) position at the end of 2013. The position has a current value of $92M, and is good for nearly a 2% stake in the company.

Loeb's disclosure comes with BlackBerry shares having rallied sharply from their autumn lows due to investor optimism regarding new CEO John Chen's turnaround efforts.