Blackberry Higher Off Confirmation Of Qualcomm Royalty Payment

BlackBerry Ltd BBRY shares are trading higher by $0.15 at $11.37 in Friday's session.

The catalyst for the rally is confirmation that Qualcomm QCOM will pay the company $814.9M million, plus interest and attorneys' fees, over a royalty dispute.

See Also: The Blackberry Comeback Story Continues

After a higher open, the stock had a brief retreat but found support a penny above Thursday's close at $11.23 and continued its move higher. The ensuing rally has pierced the series of four highs at the $11.40 area, so far reaching $11.55.

That marks the highest level for Blackberry's stock since January 14, 2015, when it peaked at $12.63.