(Reuters) – Canada’s BlackBerry Ltd said it was unaware of any reason for a share price rise on Monday that would raise it more than 150% since early January.
Shares in the U.S. of the security software vendor rose 17.7% to $ 16.53, set for a seventh straight earnings session.
In response to a request from the Securities Regulator of the Investment Industry Regulatory Organization of Canada, BlackBerry said it was unaware of any material and undisclosed corporate developments that could have driven the increase in its securities volume. and negotiation.
The latest jump in the company’s stock comes after Blackberry, the name that was once ubiquitous in the smartphone industry, on Jan. 15, settled a copyright dispute with Facebook Inc.
Security files on Thursday showed some senior executives sold shares in BlackBerry last week, with marketing director Mark Wilson selling 78,500 shares and chief financial officer Steve Rai downloading 32,954 shares.
(This story corrects for the seventh consecutive earnings session, not the eighth, in the second paragraph. Removes the reference to the monthly earnings from the same paragraph)
Reports of Munsif Vengattil in Bengaluru; Edited by Aditya Soni