(Reuters) – BlackBerry Ltd of Canada said it was unaware of any reason for a rise in share price on Monday that raised earnings to more than 150% since early January.
The US-listed shares of the security software provider rose 17.7% to $ 16.53 for the seventh straight earnings session.
Responding to a request from the Investment Regulatory Authority of Canada’s Securities Regulator, BlackBerry said it was not aware of any significant and undisclosed corporate developments that could have led to an increase in the volume of shares and trades.
The latest increase in the company’s shares comes after Blackberry, the ubiquitous name in the smartphone industry, resolved a copyright dispute with Facebook Inc. on January 15.
Thursday’s security filings showed some executives sold shares in BlackBerry last week, marketing director Mark Wilson sold 78,500 shares and chief financial officer Steve Rai downloaded 32,954 shares.
(This story corrects to say the seventh consecutive session of earnings, not the eighth, in the second paragraph. Delete the reference to the monthly earnings in the same paragraph)
Munsif Vengattil’s report in Bengaluru; Editing by Aditya Soni