(Reuters) – Canadian BlackBerry Ltd said it was unaware of any reason for the rise in its share price on Monday, which has raised earnings to more than 150% since the beginning of January.
Security software vendor US listed shares rose 17.7% to $ 16.53, set for a seventh consecutive earnings session.
Responding to a request from the securities regulator of the Canadian Investment Industry Regulatory Organization, BlackBerry said it was unaware of any undisclosed material corporate development that could have caused the increase in its shares and turnover.
The most recent jump in the company’s stock came after Blackberry, the once ubiquitous name in the smartphone industry, on January 15 resolved a patent royalty dispute with Facebook Inc.
Security documents on Thursday showed that some senior executives sold BlackBerry shares last week, with marketing director Mark Wilson selling 78,500 shares and chief financial officer Steve Rai selling 32,954 shares.
(This story corrects the seventh consecutive earnings session, not the eighth, in the second paragraph. Removes reference to monthly earnings in the same paragraph)
Reporting by Munsif Vengattil in Bengaluru; Aditya Soni edition