BLIAQ Stock: 7 Things to Know About the Blockbuster Remnant Amid the Reddit Run-Up

BB Liquidating (OTCMKTS:BLIAQ), a long-forgotten remnant of Blockbuster after its bankruptcy roughly a decade ago, is seeing shares of its stock skyrocket on Thursday.

Image of a Blockbuster location with a closing sign.

Source: Adwo / Shutterstock.com

Here’s everything investors need to know about BLIAQ as it soars in price today.

  • BB Liquidating is what’s left of Blackbuster after its bankruptcy and asset sale in 2011 to DISH Network (NASDAQ:DISH).
  • Shares of BLIAQ stock have mostly remained inactive since then will little to no movement.
  • However, that’s changing with members of the Reddit WallStreetBets, and other social media stock trading groups, pushing shares higher today.
  • As of this writing, more than 10 million shares of BLIAQ stock have changed hands.
  • That’s a massive increase over the stock’s daily average trading volume of about 406,000 shares.
  • Blockbuster was previously a video and game rental store with locations around the world.
  • However, poor management and the growth in streaming rivals, such as Netflix (NASDAQ:NFLX), killed the company.

Investors that are behind on the Reddit craze that has retail investors targeting several stocks of late need not worry. The following is a collection of articles from InvestorPlace covering the buzz that will get them up to date.

BLIAQ stock was up 72.7% as of Thursday morning.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.


Article printed from InvestorPlace Media, https://investorplace.com/2021/01/bliaq-stock-7-things-to-know-about-the-blockbuster-remnant-amid-the-reddit-run-up/.

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