LG, Hyundai agreed to share the cost for battery replacements of recalled Kona, Ioniq over fire risk
BlackBerry unaware why stock price surged 17.7%
BlackBerry Ltd. said it was unaware of any material, undisclosed corporate developments that caused a 17.7 percent surge in its share price at $16.53 on Monday, even after it settled a patent royalties dispute with Facebook Inc. on Jan 15.
The Canadian security software supplier made the statement in response to a request from securities regulator the Investment Industry Regulatory Organization of Canada.
Consequently, the share price increase lifted gains to over 150 percent since the start of January.
It was the seventh consecutive session of gains for the Canadian security software supplier.
Several Blackberry senior executives sold shares in the company last week, with Chief Marketing Officer Mark Wilson selling 78,500 shares and Chief Financial Officer Steve Rai offloading 32,954 shares.