Shares of BlackBerry Ltd. BB,
rose 31.1% in the morning trade on Monday to a high of more than 9 years, to extend the rocket ride seen in recent sessions. The trading volume increased to 180.2 million shares, compared to the average day of 31.1 million shares over the past 30 days. The Canada-listed cyber-security software company, which is on track for the highest close since December 2011, blew 42.7% higher last week, the biggest weekly profit since the week ended December 26, 2003. The stock is now running 147 , 6% amid a 7-day winning streak. The company, at the request of the Investment Industry Regulatory Organization of Canada (IIROC), commented on the recent trading of its shares: “The company is not aware of any material, unknown corporate development and has no material change in its business or cases that have not been publicly disclosed that would offset the recent rise in the market price or trading volume of its common shares. ‘The share has risen 259.6% over the past three months, while the ETFMG Prime Cyber Security ETF HACK,
climbed 28.3% and the S&P 500 SPX,
achieved 10.3%.
