BlackBerry stock rockets again, as company says it is ‘not aware’ of reason for recent trading activity

BlackBerry stock rockets again, as company says it is 'not aware' of reason for recent trading activity

Shares of BlackBerry Ltd. BB, 17.98% soared 31.1% toward a more-than 9-year high in morning trading Monday, to extend the rocket-ride seen over the past several sessions. Trading volume ballooned to 180.2 million shares, compared with the full-day average over the past 30 days of 31.1 million shares.

The Canada-based cyber security software company’s U.S.-listed stock, which is on track for the highest close since December 2011, blasted 42.7% higher last week, the biggest weekly gain since the week ended Dec. 26, 2003.

The stock has now run up 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 corporate developments and has not material change in its business or affairs that has not been publicly disclosed that would account for the recent increase in the market price or trading volume of its common shares.” The stock has soared 259.6% over the past three months, while the ETFMG Prime Cyber Security ETF HACK, 0.42% climbed 28.3% and the S&P 500 SPX, 0.19% has gained 10.3%.