Shares of BlackBerry Ltd. BB,
rose 31.1% towards a more than 9-year high in Monday morning trading, to extend the rocket ride of the past several sessions. Trading volume increased to 180.2 million shares, compared to the 30-day daily average of 31.1 million shares. US listed shares of the Canadian-based cybersecurity software company, which is on track for its highest close since December 2011, rose 42.7% last week, its largest weekly gain since the week ended December 26, 2003. The stock is now running 147.6% amid a 7-day win streak. The company commented on the recent trading in its stock, at the request of the Investment Industry Regulatory Organization of Canada (IIROC): “The company is not aware of any material undisclosed business developments and has not made any material change to its business. or matters that have not been disclosed that would explain the recent rise in the market price or trading volume of its common stock.
climbed 28.3% and the S&P 500 SPX,
has gained 10.3%.