(Reuters) – Canadian BlackBerry Ltd said it was unaware of any reasons for a rise in its stock price on Monday that boosted earnings to more than 150% since early January.
US-quoted shares of the security software vendor were up 17.7% to $ 16.53, representing a seventh consecutive session of gains.
In response to a request from securities regulator, the Investment Industry Regulatory Organization of Canada, BlackBerry said it was not aware of any material undisclosed business developments that could have triggered the increase in stock and trading volumes.
The latest jump in the company’s stock comes after Blackberry, the once ubiquitous name in the smartphone industry, resolved a dispute with Facebook Inc. on January 15.
Security filings on Thursday showed some senior executives sold shares in BlackBerry last week, with Chief Marketing Officer Mark Wilson selling 78,500 shares and Chief Financial Officer Steve Rai selling 32,954 shares.
(This story corrects by saying that the seventh consecutive session of profit in the second paragraph is not the eighth. Refers to monthly profit in the same paragraph)
Reporting by Munsif Vengattil in Bengaluru; Editing by Aditya Soni